M&A Deal Summary

Smithfield Acquires Cumberland Gap Provision Co.

On September 2, 2003, Smithfield acquired food company Cumberland Gap Provision Co. 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 Co.
Sector Food
Buyer(s) Smithfield
Deal Type Add-on Acquisition
Deal Value 57M USD
Advisor(s) League Park Advisors (Financial)

Target

Cumberland Gap Provision Co.

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

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

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 17 of 29
Sector: Food M&A 17 of 27
Type: Add-on Acquisition M&A Deals 14 of 20
State: Kentucky M&A 1 of 1
Country: United States M&A 14 of 19
Year: 2003 M&A 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