Oberto Brands has completed the sale of its assets and operations to Premium Brands Holdings Corporation, the Kent-based company announced in a statement today.

Oberto entered into an agreement to sell the vast majority of its assets and operations to Premium Brands last month.

“Our family is proud to have built and run Oberto for the last century,” said Art Oberto, Chairman Emeritus, who took over the family business in 1943 when he was just 16. “The sale of our business to Premium Brands not only ensures that its culture and values will be honored, but it will position Oberto for another 100 years of success.”

Founded in Seattle in 1918, the jerky manufacturer employs nearly 500 people. Its brands include Oberto, Pacific Gold, Pacific Gold Reserve, Lowrey’s, and Cattleman’s Cut.

“While we have been successful as a family-owned business for decades, we are very excited about the opportunity to leverage the resources and expertise of Premium Brands to accelerate our growth,” said Oberto’s President and CEO Tom Hernquist in a statement. Herquist also confirmed that the Oberto headquarters and manufacturing operations will remain in Kent, where the company has been since 1978.