1. Home >
  2. M&A >
  3. Add-on Acquisition >
  4. United States >
  5. Wisconsin >
  6. Smithfield Acquires Packerland Holdings

Add-on Acquisition • Food

Smithfield Acquires Packerland Holdings

On September 7, 2001, Smithfield acquired food company Packerland Holdings for 250M USD

Acquisition Context
  • This is Smithfield’s 10th transaction in the Food sector.
  • This is Smithfield’s 2nd largest (disclosed) transaction.
  • This is Smithfield’s 8th transaction in the United States.
  • This is Smithfield’s 1st transaction in Wisconsin.

Explore All 2129 Add-on Acquisition Food Deals - Search the Database Free


M&A Deal Summary
Date September 7, 2001
Target Packerland Holdings
Sector Food
Buyer(s) Smithfield
Deal Type Add-on Acquisition
Deal Value 250M USD

Target Company

Packerland Holdings

Green Bay, Wisconsin, United States
Packerland Holdings, Inc. is a fifth largest beef processor in the United States. Packerland currently has a daily processing capacity of 6,150 head and represents approximately five percent of the beef industry capacity. The company is the nation’s largest supplier of Fed-Holstein beef and is regarded as the premier Holstein steer and cow operation in the country. The company’s niche strategy is focused on processing and selling low-fat, low-cholesterol, lean beef products derived from Holstein steers to create final products with the highest potential yield and value for its customers.
Explore More Deals

Browse All 215,158 Deals

FILTER BY

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

Search Free

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 10 of 29
Sector: Food 10 of 27
Type: Add-on Acquisition 9 of 20
State: Wisconsin 1 of 2
Country: United States 8 of 19
Year: 2001 3 of 7
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-07-16 Gorges/Quik-To-Fix Foods

Garland, Texas, United States

Gorges/Quik-To-Fix Foods, Inc. is a producer, marketer and distributor of value-added beef, pork and poultry products for the retail and food service industry. The company manufactures a broad range of fully cooked and ready-to-eat products, which it markets on a regional and national level. The company’s products are marketed primarily under the Quik-to-Fix and Gorges brands. Customers include several major retail chains, as well as numerous national foodservice distributors.

Buy $34M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-09-26 Stadler’s Country Hams

Elon, North Carolina, United States

Stadler’s Country Hams, Inc. is a major producer of country hams. Based in Elon College, North Carolina, Stadler’s was a pioneer in the climate-controlled curing process and recently adopted a European-style curing system.

Buy -

Explore Related M&A Activity

Food M&A - Add-on Acquisition M&A Deals - Wisconsin M&A - United States M&A - 2001 M&A

Mergr

Solution for

Product

Company

Legal