Smithfield buys Farmland Foods' pork assets

 Resize text         Printer-friendly version of this article Printer-friendly version of this article

Farmland Industries has reached an agreement to sell its Farmland Foods unit to Smithfield Foods for approximately $363.5 million. Smithfield will acquire essentially all of the assets and certain liabilities of Farmland's pork-production and processing businesses.

Pending government and court approvals, company officials expect to complete the sale in approximately 75 days, unless a higher offer is brought forth by another entity. 

Last Friday, Smithfield also acquired Global Culinary Solutions, an integrated food-product development, manufacturing and marketing company headed by a certified master chef. The Smithfield Innovation Group also was created to develop new products for retail, club stores and foodservice.



Comments (0) Leave a comment 

Name
e-Mail (required)
Location

Comment:

characters left


Caterpillar Small Wheel Loaders

Cat® Small Wheel Loaders provide superior performance and versatility to help agriculture producers improve productivity and efficiency. An extensive range ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Leads to Insight