M&A Deal Summary

Smithfield Foods Acquires ConAgra Foods - Refrigerated Meats Businesses

On July 31, 2006, Smithfield Foods acquired food company ConAgra Foods - Refrigerated Meats Businesses from Conagra Brands for 575M USD

Acquisition Highlights
  • This is Smithfield Foods’ 24th transaction in the Food sector.
  • This is Smithfield Foods’ largest (disclosed) transaction.
  • This is Smithfield Foods’ 17th transaction in the United States.

M&A Deal Summary
Date 2006-07-31
Target ConAgra Foods - Refrigerated Meats Businesses
Sector Food
Buyer(s) Smithfield Foods
Sellers(s) Conagra Brands
Deal Type Divestiture
Deal Value 575M USD

Target

ConAgra Foods - Refrigerated Meats Businesses

United States
ConAgra Foods - Refrigerated Meats Businesses includes the packaged meats and turkey products sold under the Armour, Butterball, Eckrich, Margherita, Longmont and LunchMakers brands. The brands are marketed to retail grocers, delis, restaurants and other foodservice establishments.

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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 25 of 29
Sector (Food) 24 of 27
Type (Divestiture) 6 of 7
Country (United States) 17 of 19
Year (2006) 3 of 3
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-05 Sara Lee Corp - European Meats Business

Hoofddorp, Netherlands

Sara Lee's European meats business generated $1.1 billion in sales in fiscal 2005 and holds its largest positions in France, Portugal and the Benelux region, with popular European brands such as Aoste, Justin Bridou and Nobre. The company also has a presence in Germany, Italy and the United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-30 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.

Buy -

Seller(S) 1

SELLER

Conagra Brands

Chicago, Illinois, United States

website

Category Company
Founded 1919
Sector Food
Employees18,000
Revenue 11.5B USD (2022)
DESCRIPTION
Conagra's office in Omaha, Nebraska.
Conagra's office in Omaha, Nebraska.

Conagra Brands is a packaged food company with branded and private branded food products. In addition to serving consumer households, ConAgra also offers food products to commercial food customers including restaurants and foodservice companies. Conagra Brands was incorporated in 1919 and is based in Chicago, Illinois.

DEAL STATS #
Overall 7 of 18
Sector (Food) 5 of 14
Type (Divestiture) 7 of 18
Country (United States) 7 of 18
Year (2006) 3 of 4
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-14 ConAgra Foods - Surimi Business

Motley, Minnesota, United States

ConAgra Foods - Surimi Business serves both retail and foodservice customers and includes the Louis Kemp brand.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-05 MaMa Rosa s Pizza

Sidney, Ohio, United States

MaMa Rosa's Pizza LLC is a provider of refrigerated pizza products under the Mama Angelina’s, Old Italian and Lean Lifestyle brands. MaMa Rosa’s sells refrigerated pizza’s–not frozen, can be found in the deli/meat or dairy section of a grocery store.

Sell -
Mergr

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