Koch Foods CEO has eye on acquisitions

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  Andrea Gantz

  Poultry company Koch Foods could grow, as its CEO Joe Grendys says he would like to acquire more companies.

  From WATTAgNet:
  Joe Grendys, CEO and majority owner of privately-held poultry company Koch Foods, is pleased with the success of the poultry company. But he would like to see the company to grow through acquisitions.
  That growth may not necessarily be through buying more poultry companies. He told the Chicago Tribune that other animal proteins are also being considered.
  "I want to acquire more" companies, Grendys said. "I definitely have our hook in the water, but right now the industry is performing well. So there aren't a lot of fish biting. But I could see us branching out in the next three to five years possibly into another protein; not sure what that protein would be yet."
  Listed No. 261 on the Forbes list of the 400 richest Americans, Grendys leads the company that operates in six states and processes the chicken for Wal-Mart’s "Great Value" Buffalo wings, chicken strips, chicken tenders and popcorn chicken. The company also processes the chicken nuggets sold at Burger King and other private-label brands at grocery stores, such as Kroger and Aldi. None of those products carry the label “Koch Foods.”
  Koch Foods, headquartered in Chicago, processes 624 million birds annually, according to the WATT Global Media Top Companies Database.