Quantum Foods has been bought for $12.7 million by West Liberty Foods LLC.
Quantum, based in Bolingbrook, had filed for Chapter 11 bankruptcy protections.
The Quad-City Times says the purchase was announced Monday.
West Liberty officials say they expect to begin meat processing operations at the Bolingbrook location within the next 30 days.
Quantum Foods filed for Chapter 11 bankruptcy protection in February. It produced ready-to-cook and fully cooked foods made from beef, poultry and pork.
West Liberty Foods has three manufacturing locations: West Liberty and Mount Pleasant in Iowa, and at Tremonton, Utah. The company is headquartered in West Liberty.