United Premium Foods purchases Amboy Group out of bankruptcy

Linda Lindner//June 19, 2019//

United Premium Foods purchases Amboy Group out of bankruptcy

Linda Lindner//June 19, 2019//

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Woodbridge-based United Premium Foods announced it purchased the Amboy Group, a provider of quality meat and food products, out of bankruptcy.

In addition to UPF’s acquisition of Amboy, Amboy Woodbridge Realty, an entity affiliated with UPF, acquired the real property and cold storage business.

“The acquisitions include a state-of-the-art meat processing and cold storage facility, as well as an extremely strong and loyal customer base,” said Jim Kwon, chairman and acting chief executive officer, UPF. “We are confident that with additional working capital, supplemental management and a new operating team, we can improve operating efficiencies while growing the company’s market share and reach. This investment is an affirmation of our belief in the strong fundamentals of the business and our confidence in the upside potential of this company.”

William Colbert has agreed to join UPF as a part of the management team. Colbert’s expertise in the meat processing industry spans over 20 years covering all aspects of product development, manufacturing, marketing and distribution.

Located at 1 Amboy Ave. in Woodbridge, United Premium Foods’ 110,000-square-foot facility is one of the largest processing/cold storage facilities in the Northeast with one million cubic feet of cold storage capacity.

The facility is located within 15 miles of the Port of Newark and is adjacent to the major roadways throughout the state.