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Cargill And Continental Grain Complete Acquisition Of Sanderson Farms

Jul 22, 2022over 3 years ago

Acquiring Company

Cargill

Acquired Company

Sanderson Farms

NashvilleFood And BeverageAgriculture and FarmingFood And BeverageAgriculture and Farming

Description

Cargill and Continental Grain Company today announced the completion of the previously announced acquisition of Sanderson Farms, Inc. (NASDAQ: SAFM) by a joint venture between Cargill and Continental Grain. The acquisition was announced on August 9, 2021.

Company Information

Company

Cargill

Location

Nashville, Tennessee, United States

About

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. Every day, we connect farmers with markets, customers with ingredients, and people and animals with the food they need to thrive. We combine 156 years of experience with new technologies and insights to serve as a trusted partner for food, agriculture, financial and industrial customers in more than 125 countries. Side-by-side, we are building a stronger, sustainable future for agriculture.

Company

Continental Grain Company

About

Continental Grain is a privately owned global investor, owner, and operator of companies with more than 200 years of history across the food and agribusiness spectrum. It creates long–term value by applying deep industry knowledge, capital and talent to businesses ranging from established market leaders to promising innovators, working alongside trusted partners, and supporting strong management teams. It brings a long–term ownership mindset, concentrating on investment and operating plans that create enduring value and a sustainable, efficient, and nutritional food supply chain. Continental Grain brings people, ideas, and resources together to build the businesses that will feed the world. SOURCE Cargill, Inc.

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M&A Insights

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Integration timeline
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Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
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Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed