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Smithfield settled the acquisition with 3.3 million shares of Smithfield Foods stock, $178 million in cash, and the assumption of about $216 million of debt. [ 28 ] Farmland Foods of Kansas City was added in 2003, as were Sara Lee's European Meats , ConAgra Foods Refrigerated Meats, Butterball (the poultry producer), Brown’s of Carolina, and ...
The Smithfield Packing Company sells meat products such as ham, ground pork, pork chops, bacon, and lunch meat. It sells its products worldwide. The company was founded in 1936. It is based in Smithfield, Virginia. It is part of Smithfield Foods which is in turn a subsidiary of WH Group. [1] [2] [3]
Smithfield Hog Production Division, formerly Premium Standard Farms, Inc. (PSF), is a subsidiary of Smithfield Foods, Inc. Premium Standard Farms was the second-largest pork producer and the sixth-largest processor in the United States until Smithfield Foods acquired it in 2007.
Smithfield Foods, a Chinese Fortune 500 company that owns Smithfield Packing Company and others, is the world's largest pork processor and hog producer. The company, based in Smithfield, raises 12 million hogs and processes 20 million pounds of them annually.
Smithfield Foods, one of the nation’s largest meat processors, has agreed to pay $2 million to resolve allegations of child labor violations at a plant in Minnesota, officials announced Thursday.
In fiscal year 2005, Smithfield posted a profit of $296.6 on gross sales of $11.4 billion. Luter earned a salary of $850,000 that year. [9] Luter III announced in June 2006 that he would relinquish the title of chief executive officer of Smithfield Foods after serving in that position for 31 years to become non-executive chairman of the company.
The food business of Dial, including Armour Star canned meats, was sold to Pinnacle Foods in March 2006. [17] In 2007 Pinnacle Foods was acquired by the Blackstone Group, a New York City-based private equity firm. [18] Conagra acquired Pinnacle Foods for $10.9 billion in 2018. [19] [20]
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