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M&A Deal Summary

Smithfield Acquires American Foods Group

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

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

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

Target

American Foods Group

Green Bay, Wisconsin, United States
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

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 14 of 29
Sector: Food M&A 14 of 27
Type: Add-on Acquisition M&A Deals 13 of 20
State: Wisconsin M&A 2 of 2
Country: United States M&A 11 of 19
Year: 2001 M&A 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 -
Mergr

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