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Packaged Meats
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Smithfield Foods to Acquire Two Romanian Packaged Meats Manufacturers
Sep 28, 2017Hong Kong-based pork supplying giant WH Group said that its subsidiary Smithfield Foods will acquire 100% stake of two Romanian packaged meats manufacturers Elit and Vericom for an undisclosed price. The acquisition will further expand ...
Tags: Smithfield Foods, Packaged Meats
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Smithfield Foods Purchases JV Partner Kansas City Sausage
Aug 18, 2017US-based meat-processing company Smithfield Foods has acquired Kansas City Sausage for an undisclosed price to grow its packaged meats business and boost its supply chain. Kansas City Sausage is a pre-rigor sausage producer and processor ...
Tags: Smithfield Foods, meat
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Maple Leaf to Acquire US Protein Foods Manufacturer Lightlife Foods
Mar 1, 2017Canadian consumer packaged meats firm Maple Leaf Foods has agreed to acquire American refrigerated plant-based protein foods manufacturer Lightlife Foods from Brynwood Partners VI for approximately $140m. Maple Leaf will finance the ...
Tags: Maple Leaf, Lightlife Foods
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Smithfield Foods Sets up $12m Bacon Slicing Plant
Apr 7, 2015America’s pork producer and processor Smithfield Foods is planning to set up a new $12m bacon slicing plant at its Cudahy facility in Wisconsin. The new 17,000ft2 plant will comprise four slicing lines that will help the company ...
Tags: Smithfield Foods, brands, Food
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Bacon Producer Applegate Farms Is Acquired by Hormel Foods
Feb 15, 2015Hormel Foods is in the late-stage talks to acquire Applegate Farms, a producer of organic hot dogs, bacon and sausages. This comes after the company acquired Muscle Milk maker CytoSport Holdings in August last year. The proposed deal ...
Tags: Hormel Foods, Bacon
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Grupo Bimbo Pays $1.66bn for Acquisition of Canada Bread
May 27, 2014Grupo Bimbo has completed the acquisition of Canada Bread Company, the bakery products division of Maple Leaf Foods, in a $1.66bn deal. According to Grupo Bimbo, the integration of Canada Bread will be reflected in its consolidated second ...
Tags: Grupo Bimbo, Bread
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Smithfield Foods' Record First Quarter Results Were Reported
May 19, 2014Smithfield Foods, Inc., a wholly owned independent subsidiary of WH Group Limited, reported record 2014 first quarter results. All comparisons are to the first quarter of 2013. Sales for the first quarter of 2014 were $3.4 billion, up 3%. ...
Tags: Smithfield Foods, fresh pork
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Maple Leaf Foods Announced Changes to Its Organizational Structure and Leadership
Apr 2, 2014Maple Leaf Foods today announced changes to its organizational structure and leadership that will be effective upon completing the sale of its 90% ownership in Canada Bread Company, Inc. to Grupo Bimbo, S.A.V. de C.V., which is expected to ...
Tags: Agriculture, Food
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The Problem of Confinement Odour Could Be Solved by an Odour-absorbing Label
Oct 31, 2013An odour-absorbing label could solve the problem of confinement odour and cut returns for retailers selling packaged meats, seafood, poultry and even vegetables. Innovative food packaging development company Sirane has launched a ...
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A Majority Shareholder Is Pressuring Smithfield Foods to Explore a Breakup
Jun 19, 2013A majority shareholder is pressuring Smithfield Foods, Inc. (NYSE:SFD) to explore a breakup rather than go ahead with a planned USD 4.7 billion takeover by Chinese meat company. Activist investor Starboard Value LP said in a letter to the ...
Tags: Agriculture, Food, meat company
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Smithfield Foods Reported a 62.6% Decline in Net Earnings to $29.7m for The Fourth Quarter
Jun 17, 2013US-based pork producer and processor Smithfield Foods has reported a 62.6% decline in net earnings to $29.7m for the fourth quarter of 2013, compared with $79.5m for the same period a year ago due to rise in feed costs and decline in hog ...
Tags: Smithfield Foods, Net Income
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Shuanghui Buys US-Based Pork Producer and Processor Smithfield Foods
May 30, 2013Shuanghui International has agreed to acquire US-based pork producer and processor Smithfield Foods in an all-cash deal valued at $7.1bn, including the assumption of net debt. Shuanghui International is the majority shareholder of Henan ...
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Smithfield Packing Plans to Shift Bone-in Ham Production
Mar 19, 2013Smithfield Packing, a subsidiary of Smithfield Foods, plans to shift bone-in ham production from its Maryland facility to its other plants in North Carolina and Kentucky, and then permanently shut down the Maryland plant in the mid of this ...
Tags: ham production, Smithfield Foods, ham
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Smithfield Foods Has Entered Into an Agreement to Form 50/50 Joint Venture with Kansas
Feb 19, 2013US-based pork processor Smithfield Foods has entered into an agreement to form 50/50 joint venture with Kansas City Sausage, including its sister company, Pine Ridge Farms, as a part of its plan to strengthen its packaged meats business. ...
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Larry Pope Has Insisted The US Meat Will Produce "Another Year of Solid Earnings"
Dec 13, 2012Smithfield Foods CEO Larry Pope has insisted the US meat will produce "another year of solid earnings" despite lower quarterly profits. Falling earnings from fresh pork and hog production contributed to a decline in first-quarter profits ...
Tags: Smithfield, solid earnings, lower quarterly profits, falling earnings