USA: Smithfield Foods to acquire dry sausage facility from Cargill

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 of and delivering on our customers’ preferences”, commented Steve France, president of packaged meats for Smithfield Foods. “Dry sausage is one of our fastest-growing categories, and acquiring this facility from Cargill will better position us to improve sales, drive volume and increase our capacity to bring high-quality dry sausage products to the foodservice, industrial and retail sectors”.

The transition is expected to be closed by end of July 2024. Terms of the agreements were not disclosed.

Source: Smithfield Foods (via PR Newswire)