Location: Dallas, Texas
Founder: Joy Wallace
Year Founded: 2006
Business Description: Merit Provisions LLC ("Merit") is a joint venture between J.O.Y. Products Corporation and Pilgrim’s Pride Corporation ("Pilgrim's"). After a year long rigorous approval process, Merit is an approved supplier of core chicken products to the McDonald's Corporation. Merit is approved to supply four products to approximately 1,200 restaurants through three distribution centers in Conroe, TX, North Little Rock, AK and Port Allen, LA. Under a Co-Pack Agreement between Merit and Pilgrim's, the joint venture manufactures McNuggets, McChicken Patties, Southern Style Breakfast Filets, and Southern Style Filets at Pilgrim's Prepared Foods Facility in Mt. Pleasant, Texas. J.O.Y. Foods, Inc. is a minority, woman-owned company that manufactures and sells frozen pizza to school districts, the military, restaurants and retail customers.
Revenue: Combined revenue for Merit Provisions and J.O.Y Foods Inc. is forecasted to be $95MM for FY 2009.
Investment: In December 2008, TWVF was the lead investor in a $1.1 million sub-debt round with Pinnacle Minority Supplier Development Fund, LP in J.O.Y. Products Corporation and J.O.Y. Foods Inc.
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