Midera Food Processing Acquires Phoenix Innovations to Broaden Poultry Offerings

Midera Food Processing announced it is acquiring Phoenix Innovations, a Russellville, Arkansas-based company with an annual revenue run rate of about $25 million. Midera said the deal will broaden its food-processing equipment and automation offerings, particularly its ability to provide complete processing-line solutions for poultry producers. The companies did not disclose the financial terms.