M&A Deal Summary

Smithfield Foods Acquires Clougherty Packing

On November 21, 2016, Smithfield Foods acquired packaging company Clougherty Packing from Hormel Foods for 145M USD

Acquisition Highlights
  • This is Smithfield Foods’ 1st transaction in the Packaging sector.
  • This is Smithfield Foods’ 5th largest (disclosed) transaction.
  • This is Smithfield Foods’ 18th transaction in the United States.
  • This is Smithfield Foods’ 1st transaction in California.

M&A Deal Summary
Date 2016-11-21
Target Clougherty Packing
Sector Packaging
Buyer(s) Smithfield Foods
Sellers(s) Hormel Foods
Deal Type Divestiture
Deal Value 145M USD

Target

Clougherty Packing

Los Angeles, California, United States
website
Clougherty Packing LLC (Farmer John Meats) is a provider of an integrated producer and processor of a full line of branded pork products.

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Buyer(S) 1

Buyer

Smithfield Foods

Smithfield, Virginia, United States

website

Category Company
Founded 1961
Sector Food
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 27 of 29
Sector (Packaging) 1 of 1
Type (Divestiture) 7 of 7
State (California) 1 of 1
Country (United States) 18 of 19
Year (2016) 1 of 1
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-03 Campofrio Food Group SA

Madrid, Spain

Campofrio Food Group SA is one of the largest companies in the processed meats sector, company are in many ways, the industry standard because of in-depth knowledge of customers and consumers which allows to generate growth opportunities in all markets, and to deliver goal: to become one of the leading European food companies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-14 Kansas City Sausage Company

Kansas, Missouri, United States

Kansas City Sausage Company LLC is a pre-rigor sausage producer and processor for restaurants and distributors. Kansas City Sausage Company LLC was founded in 2008 and is based in Kansas, Missouri.

Buy -

Seller(S) 1

SELLER

Hormel Foods

Austin, Minnesota, United States

website

Category Company
Founded 1891
Sector Food
Employees20,000
Revenue 12.5B USD (2022)
DESCRIPTION
Entrance to Hormel Foods' corporate headquarters in Austin, Minnesota.
Entrance to Hormel Foods' corporate headquarters in Austin, Minnesota.

Hormel Foods is a multinational manufacturer and marketer of consumer-branded food and meat products, many of which are among the best known and trusted in the food industry. Hormel Foods was formed in 1891 and is based in Austin, Minnesota.

DEAL STATS #
Overall 3 of 4
Sector (Packaging) 2 of 2
Type (Divestiture) 3 of 4
State (California) 1 of 2
Country (United States) 3 of 4
Year (2016) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-18 Justin’s

Boulder, Colorado, United States

Justin’s LLC is a producer of naturally delicious, high-quality nut butters, nut butter snacks and organic peanut butter cups that deliver great taste, unique texture and convenient nutrition.

Buy $286M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-17 Fontanini

Burlingame, California, United States

Fontanini is a manufacturer of Italian meats and sausages as well as a variety of other premium meat products, including pizza toppings and meatballs. Fontanini was established in 1960 and is based in Burlingame, California.

Buy $425M
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