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  6. Smithfield Acquires Cumberland Gap Provision

M&A Deal Summary

Smithfield Acquires Cumberland Gap Provision

On September 2, 2003, Smithfield acquired food company Cumberland Gap Provision for 57M USD

Acquisition Highlights
  • This is Smithfield’s 17th transaction in the Food sector.
  • This is Smithfield’s 7th largest (disclosed) transaction.
  • This is Smithfield’s 14th transaction in the United States.
  • This is Smithfield’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2003-09-02
Target Cumberland Gap Provision
Sector Food
Buyer(s) Smithfield
Deal Type Add-on Acquisition
Deal Value 57M USD
Advisor(s) League Park Advisors (Financial)

Target

Cumberland Gap Provision

Middlesboro, Kentucky, United States
Cumberland Gap is a processor of premium-branded hickory smoked hams, sausages and other specialty processed pork products

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Buyer(S) 1

Buyer

Smithfield

Smithfield, Virginia, United States
Category Company
Sector Food
Revenue 14.6B USD (2023)
DESCRIPTION

Smithfield is an American food company that produces packaged meats and fresh pork products like hams, bacon, and sausage. Smithfield is based in Smithfield, Virginia.

DEAL STATS #
Overall 17 of 29
Sector (Food) 17 of 27
Type (Add-on Acquisition) 14 of 20
State (Kentucky) 1 of 1
Country (United States) 14 of 19
Year (2003) 1 of 1
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-13 Vall

Texhoma, Oklahoma, United States

Vall, Inc. owns 20,000 sows producing about 350,000 market hogs per year, substantially all of which are sold under contract to Seaboard Corporation in Guymon, Oklahoma.

Buy $61M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-25 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.

Sell $378M
Mergr

Product

Company

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