Smithfield Foods completes purchase of dry sausage facility from Cargill to expand packaged meats segment
Acquiring Company
Smithfield Foods
Acquired Company
Cargill
VirginiaMinnesotaFood and BeverageAgriculture and FarmingFood ProcessingManufacturingFood and BeverageAgriculture and FarmingFood And BeverageDescription
Smithfield Foods has successfully completed the acquisition of a premier dry sausage production facility in Nashville, Tennessee, from Cargill. This acquisition strategically supports Smithfield's growth strategy in the value-added packaged meats segment, adding significant dry sausage production capacity and enhancing its existing portfolio of dry sausage brands, including Margherita, Carando, and Armour.
Quick answer
Smithfield Foods is acquiring Cargill, announced July 31, 2024. Smithfield Foods is based in Virginia, United States.
- How much did Smithfield Foods pay for Cargill?
- The deal value was not disclosed.
- What does Smithfield Foods do?
- Smithfield Foods is a global food company with a strong culture of compliance, producing good food the right way.
- Where are Smithfield Foods and Cargill based?
- Smithfield Foods is based in Virginia, United States. Cargill is based in Minnesota, United States.
- Who are the decision-makers at Smithfield Foods?
- Fundz holds 4 contacts at Smithfield Foods. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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- Turpaz acquires British flavor company F&E for £22 million, continuing its expansion strategy, $29M (September 3, 2024)
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Frequently asked
Who acquired Cargill?
Cargill was acquired by Smithfield Foods, based in Virginia. The deal was reported on July 31, 2024. Smithfield Foods is a global food company with a strong culture of compliance, producing good food the right way. Smithfield Foods is publicly traded (SFD) and operates in Food and Beverage.
When did Smithfield Foods acquire Cargill?
Smithfield Foods's acquisition of Cargill was reported on July 31, 2024. Smithfield Foods has successfully completed the acquisition of a premier dry sausage production facility in Nashville, Tennessee, from Cargill. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Cargill do?
Cargill's 155,000 employees across 70 countries work relentlessly to achieve our purpose of nourishing the world in a safe, responsible, and sustainable way. It is privately held, operating in Manufacturing, and is based in Minnesota.
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