Divestiture • Food

Smithfield Acquires ConAgra Foods - Ham Business

On January 25, 2006, Smithfield acquired food company ConAgra Foods - Ham Business from Conagra Brands

Acquisition Context
  • This is Smithfield’s 22nd transaction in the Food sector.
  • This is Smithfield’s 16th transaction in the United States.
  • This is Smithfield’s 1st transaction in Nebraska.

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M&A Deal Summary

Date January 25, 2006
Target ConAgra Foods - Ham Business
Sector Food
Buyer(s) Smithfield
Sellers(s) Conagra Brands
Deal Type Divestiture

Target Company

ConAgra Foods - Ham Business

Lincoln, Nebraska, United States
ConAgra Foods - Ham Business is a producer of traditional and spiral sliced smoked bone-in hams, corned beef and other smoked meat items sold to supermarket chains and independent grocers.
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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 23 of 29
Sector: Food 22 of 27
Type: Divestiture 4 of 7
State: Nebraska 1 of 1
Country: United States 16 of 19
Year: 2006 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-03 MORLINY S.A.

Poland

MORLINY S.A. enagges in production and marketing of branded processed meats.

Buy -
FOLLOWING 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 -

Seller Profile 1

SELLER

Conagra Brands

Chicago, Illinois, United States

Category Company
Founded 1919
Sector Food
Employees18,500
Revenue 12.1B USD (2024)
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 food service companies. Conagra Brands was founded in 1919 and is based in Chicago, Illinois.


Deal Context for Seller #
Overall 5 of 19
Sector: Food 3 of 14
Type: Divestiture 5 of 19
State: Nebraska 2 of 7
Country: United States 5 of 19
Year: 2006 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-19 MF Cattle Feeding

Kersey, Colorado, United States

MF Cattle Feeding, Inc. owns and operates cattle feedlots in Colorado and Idaho. The company was incorporated in 1983 and is based in Kersey, Colorado.

Sell -
FOLLOWING 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 -