Add-on Acquisition • Food

Smithfield Acquires American Foods Group

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date November 1, 2001
Target American Foods Group
Sector Food
Buyer(s) Smithfield
Deal Type Add-on Acquisition

Target Company

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 Overview 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 Context for Buyer #
Overall 14 of 29
Sector: Food 14 of 27
Type: Add-on Acquisition 13 of 20
State: Wisconsin 2 of 2
Country: United States 11 of 19
Year: 2001 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 -