Specialty Foods to Sell H&M Food Unit to IBP

Specialty Foods Corp. has signed an agreement to sell its H&M Food Systems Company, Inc. subsidiary to IBP.

"The sale of H&M furthers our strategy of focusing Specialty Foods on its core baking business," said Lawrence Benjamin, president and CEO of Specialty Foods.

H&M Food Systems is a producer of custom-formulated pre-cooked meat products and prepared foods. The company operates manufacturing facilities in North Richland Hills and Lampasas, TX.

Specialty Foods bakery operations include: Metz Baking Company, Archway Cookies and Mother's Cookies, and Andre-Boudin Bakeries of San Francisco.

IBP produces high quality fresh beef and pork, and supplies fully prepared meats and other consumer-ready foods for retail and foodservice industries.