M&A Deal Summary

Smithfield Foods Acquires American Foods Group

On November 1, 2001, Smithfield Foods acquired food company American Foods Group

Acquisition Highlights
  • This is Smithfield Foods’ 14th transaction in the Food sector.
  • This is Smithfield Foods’ 11th transaction in the United States.
  • This is Smithfield Foods’ 2nd transaction in Wisconsin.

M&A Deal Summary

Date 2001-11-01
Target American Foods Group
Sector Food
Buyer(s) Smithfield Foods
Deal Type Add-on Acquisition

Target

American Foods Group

Green Bay, Wisconsin, United States
website
American Foods is the nation’s tenth largest beef packer with a daily processing capacity of 1,900 head. With sales of $581 million, the privately-held company produces boxed beef, ground beef and value-added beef products, including case-ready, tray-ready and top-choice beef cuts marketed under premium programs.

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Buyer(S) 1

Buyer

Smithfield Foods

Smithfield, Virginia, United States

website


Category Company
Founded 1961
SectorFood
Employees47,900
DESCRIPTION

Smithfield Foods, Inc., brings good food to families and friends around the world in a responsible manner. Smithfield produce many popular products like hams, bacon and sausage.


DEAL STATS #
Overall 14 of 29
Sector (Food) 14 of 27
Type (Add-on Acquisition) 13 of 20
State (Wisconsin) 2 of 2
Country (United States) 11 of 19
Year (2001) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-01 Schneider

Kitchener, Ontario, Canada

Schneider Corporation is a food processing company offers bacon cold cuts and deli meats, hams, hot dogs, and sausages. Schneider Corporation was founded in 1890 and is based in Kitchener, Canada.

Buy $178M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-03 Stefano Foods

Charlotte, North Carolina, United States

Stefano Foods, Inc. is a producer of a line of Italian convenience foods, including stuffed breads (stromboli), calzones, stuffed pizza rings and pizzas.

Buy -