AdvancePierre Foods Accelerates Merger Savings

AdvancePierre Foods, a supplier of value-added protein and handheld convenience products to the foodservice, school, retail, club, vending and convenience store markets, signed a multi-year contract with ICG Commerce, the provider of comprehensive procurement solutions.

Through this partnership, which began in late 2010, ICG Commerce will help AdvancePierre Foods reduce costs and accelerate savings opportunities from its recent merger and acquisitions. The partnership will focus on continuously optimizing spending in the areas of direct packaging and logistics, indirect maintenance, repair and overhaul (MRO) and miscellaneous packaging.

 

AdvancePierre Foods chose ICG Commerce based on the company’s Specialized Procurement Infrastructure, which infuses teams of dedicated category experts, real-time market intelligence and proprietary technology into a comprehensive spend management process. The process will help maximize savings and expand the reach of AdvancePierre’s procurement operations.

 

“AdvancePierre remains focused on supplying its customers with innovative and high-quality products in the most cost-effective manner possible,” says Mike Zelkind, senior vice president of Operations for AdvancePierre Foods. “Our company has doubled in size with last year’s merger with Advance Food Company and Advance Brands and our recent acquisition of Barber Foods. We were looking for solutions that would help us accelerate synergy savings. We will be able to immediately use the infrastructure that ICG Commerce has built to help us better leverage our combined spend and drive savings synergies far faster than we could do on our own.”