Smithfield Foods

Smithfield Foods, the US-based pork processor and subsidiary of WH Group, has entered into a definitive agreement to acquire Nathan’s Famous in an all-cash transaction valued at approximately $450 million. The deal, which sees Smithfield pay $102 per share for the 110-year-old business, consolidates the ownership of one of America’s most recognisable hot dog brands. Smithfield has manufactured and distributed Nathan’s Famous products in North America under licence since 2014; …

US food firm Smithfield Foods has announced the closure of a facility in Altoona (IA) that carries out ham boning. In a press release, the firm said it planned to consolidate production volume at other locations to improve the efficiency of its manufacturing operations. The facility’s 314 employees will be provided with transition assistance, including severance, financial incentives and alternative opportunities at the firm. Production will be moved to existing …

US meat producer Smithfield Foods has announced it has entered into an agreement to acquire a dry sausage facility in Nashville, TN from commodities giant Cargill. The new facility will manufacture goods for Smithfield Foods’ dry sausage brands such us Margherita, Carando and Armour to cater to increased demand, the company said. “This transaction is a testament to our continued focus on growing our packaged meats business by staying ahead …

Meat-processing company Smithfield Foods has announced an investment of $ 1.2 million to expand its meat production site in Grayson, KY, USA. The Grayson facility, which produces Smithfield brand sliced hams ,will increase production capacity by 20% to meet the growing necessities of the site, the company said. “In the last several years, our growth has allowed us to invest in our facilities and create new opportunities for those living in the …