CHAPMAN – Preferred Popcorn, LLC, of Chapman, has acquired the bulk processing busness of Preston Farms, LLC of Palmyra, Ind.

According to Preferred CEO Norman Krug of Chapman, the purchase will help his company’s strategic focus in bulk popcorn, both domestic and export.

Over the past couple of years, the two companies have been partnering with each other, which, Krug said, “…has been a very worthwhile venture and has provided some great opportunities for both parties.”

“Preferred Popcorn has laid the groundwork for a solid domestic distribution system and while we export, we believe the Preston Farms customers will add a new dimension to our customer portfolio, and we look forward to serving those new markets,” Krug said.

As part of the deal, Preferred will acquire all of Preston Farms brands, including Spee-Dee Pop!, he said.

Krug said the Palmyra location will continue bulk operations under the name of Preferred Popcorn LLC. Preston Farms Popcorn LLC will share the location with Preferred to continue providing microwave and ready-to-eat popcorn for private label, fundraising, and ad specialty customers.