Smithfield - M&A Summary and Business Overview

FoodCompany

Smithfield M&A Summary

Smithfield has acquired 29 companies, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 6 assets.

Smithfield’s largest acquisition to date was in 2006, when it acquired ConAgra Foods - Refrigerated Meats Businesses for $575M. It’s largest disclosed sale occurred in 2008, when it sold Smithfield Beef Group to JBS S.A. for $565M. Smithfield has acquired in 14 different US states, and 9 countries. The Company’s most targeted sectors include food (94%) and agriculture (4%).

Smithfield Business Overview

Where is Smithfield headquartered?

Smithfield is headquartered in Smithfield, Virginia.

What is Smithfield’s revenue?

Smithfield disclosed revenue of 14,640M USD for 2023 and 16,199M USD for 2022.

What sector is Smithfield in?

Smithfield is a food company.

M&A Summary

  • M&A Total Activity35
    • M&A Buy Activity29
    • M&A Sell Activity6
  • Total Sectors Invested 3
  • Total Countries Invested 9
  • M&A Buy/Sell Connections 12

Smithfield

Smithfield Foods, Inc.

200 Commerce Street,
Smithfield, Virginia 23430
United States,
(757) 365-3000
www.smithfieldfoods.com

Smithfield is an American food company that produces packaged meats and fresh pork products like hams, bacon, and sausage. Smithfield is based in Smithfield, Virginia.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.2/yr) # 28 1 - - - - 29
vol $1.5B $1.5B
Sell (0.0/yr) # 6 - - - - - 6
vol $976M $976M
  35

Most Recent M&A

Company Date Value Type
Mecom Group s.r.o 2021-02-22 - Add-on Acquisition
Bratislava, Slovakia · www.mecom.sk
Kansas City Sausage Company LLC 2017-08-14 - Add-on Acquisition
Kansas, Missouri · www.kcsausageco.com
Clougherty Packing LLC (Farmer John Meats) 2016-11-21 145M USD Divestiture
Los Angeles, California · www.farmerjohn.com
Campofrio Food Group SA 2015-06-03 - Stake Sale
Madrid, Spain · www.campofriofoodgroup.com
Smithfield Foods - Texas Hog Production Facility 2011-04-27 33M USD Divestiture
Dalhart, Texas
Smithfield Foods - Texhoma Hog Production Operations 2011-01-28 - Divestiture
Texhoma, Oklahoma
Maverick Food Co. Ltd. 2010-01-04 - Divestiture
Heshan, China · www.maverickfood.com.cn
Smithfield Beef Group, Inc. 2008-10-28 565M USD Divestiture
Tolleson, Arizona
Campofrio Food Group SA 2008-06-30 - Stake Purchase
Madrid, Spain · www.campofriofoodgroup.com
ConAgra Foods - Refrigerated Meats Businesses 2006-07-31 575M USD Divestiture
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Food 27 (93%) 1.4B (91%) 4 (67%) 943M (97%)
Agriculture 1 (3%) - 1 (17%) -
Packaging 1 (3%) 145M (9%) - -
Manufacturing - - 1 (17%) 33M (3%)
Total 29 $1.5B 6 $976M

By Geo

State/Country Buy Value Sell Value
United States 19 1.4B 3 598M
  North Carolina 4 231M - -
  Missouri 2 - - -
  Wisconsin 2 250M - -
  Oklahoma 1 61M 1 -
  Texas 1 34M 1 33M
  Nebraska 1 - - -
  Kentucky 1 57M - -
  Illinois 1 - - -
  Colorado 1 - - -
  California 1 145M - -
  Arkansas 1 - - -
  Virginia 1 - - -
  Pennsylvania 1 - - -
  Arizona - - 1 565M
Canada 1 178M 1 378M
  Ontario 1 178M 1 378M
France 2 - - -
Spain 1 - 1 -
United Kingdom 2 - - -
China - - 1 -
Netherlands 1 - - -
Poland 1 - - -
Romania 1 - - -
Slovakia 1 - - -
Domestic 19 (66%) 1.4B (88%) 3 (50%) 598M (61%)
Cross-border 10 (34%) 178M (12%) 3 (50%) 378M (39%)
Total 29 $1.5B 6 $976M

Deal Values

buy # Total
$100M to $1B 5 $1.4B
< $100M 3 $152M
TOTAL $1.5B
Largest ConAgra Foods - Refrigerated Meats Businesses
$575M (2006-07-31)
sell # Total
$100M to $1B 2 $943M
< $100M 1 $33M
TOTAL $976M
Largest Smithfield Beef Group, Inc.
$565M (2008-10-28)

M&A Connections

Deals
Acquired from
Investor(s)
3%
1 (3%)
Strategic(s)
24%
7 (24%)
Divested to
Strategic(s)
100%
6 (100%)

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