Smithfield Foods Mergers and Acquisitions Summary

FoodCompany

Smithfield Foods has acquired 29 companies of its own, including 3 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 6 assets.

Smithfield Foods’ 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 Foods has acquired in 14 different US states, and 9 countries. The Company’s most targeted sectors include food (94%) and agriculture (4%).

Join Mergr and gain access to Smithfield Foods’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the food sector.

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 13

Smithfield Foods, Inc.

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

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.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.4/yr) # 27 1 - - - 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 Purchase
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 - -
  Wisconsin 2 250M - -
  Missouri 2 - - -
  Texas 1 34M 1 33M
  Oklahoma 1 61M 1 -
  Virginia 1 - - -
  Pennsylvania 1 - - -
  Nebraska 1 - - -
  Kentucky 1 57M - -
  Illinois 1 - - -
  Colorado 1 - - -
  California 1 145M - -
  Arkansas 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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