M&A Deal Summary

Prestage Farms Acquires Smithfield Foods - Texhoma Hog Production Operations

On January 28, 2011, Prestage Farms acquired agriculture company Smithfield Foods - Texhoma Hog Production Operations from Smithfield

Acquisition Highlights
  • This is Prestage Farms’ 1st transaction in the Agriculture sector.
  • This is Prestage Farms’ 1st transaction in the United States.
  • This is Prestage Farms’ 1st transaction in Oklahoma.

M&A Deal Summary

Date 2011-01-28
Target Smithfield Foods - Texhoma Hog Production Operations
Sector Agriculture
Buyer(s) Prestage Farms
Sellers(s) Smithfield
Deal Type Divestiture

Target

Smithfield Foods - Texhoma Hog Production Operations

Texhoma, Oklahoma, United States
Smithfield Foods - Texhoma Hog Production Operations engages in hog production. The Texhoma operations house 20,000 sows and contain 71,000 nursery and 172,000 finishing spaces.

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Buyer(S) 1

Buyer

Prestage Farms

Clinton, North Carolina, United States

Category Company
Founded 1983
Sector Agriculture
DESCRIPTION

Prestage Farms, Inc. engages in the production of turkey and pork products. Prestage Farms has a proud legacy of producing pork and turkey in a responsible, ethical, and humane manner.


DEAL STATS #
Overall 1 of 1
Sector: Agriculture M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Oklahoma M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1

Seller(S) 1

SELLER

Smithfield

Smithfield, Virginia, United States

Category Company
Founded 1936
Sector Food
Employees36,500
Revenue 14.1B USD (2024)
DESCRIPTION
Smithfield plant in Clinton, North Carolina.
Smithfield plant in Clinton, North Carolina.

Smithfield Foods is a producer of value?added packaged meats and fresh pork products. The Company distributes under brands such as Smithfield, Eckrich, John?Morrell and Nathan’s?Famous, serving both retail and foodservice markets globally. Smithfield was founded in 1936 and is based in Smithfield, Virginia.


DEAL STATS #
Overall 4 of 6
Sector: Agriculture M&A 1 of 1
Type: Divestiture M&A Deals 4 of 5
State: Oklahoma M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2011 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-04 Maverick Food Co.

Heshan, China

Maverick Food Co. Ltd. focuses mainly on hot dogs and other sausages, whole and sliced ham, bacon, Chinese style processed meat, and frozen and convenience food.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-27 Smithfield Foods - Texas Hog Production Facility

Dalhart, Texas, United States

Smithfield Foods - Texas Hog Production Facility engages in manufacturing of Hog and pork processor.

Sell $33M