M&A Deal Summary

Smithfield Acquires Société Financière de Gestion et de Participation S.A.

On August 12, 1999, Smithfield acquired food company Société Financière de Gestion et de Participation S.A.

Acquisition Highlights
  • This is Smithfield’s 3rd transaction in the Food sector.
  • This is Smithfield’s 2nd transaction in France.

M&A Deal Summary

Date 1999-08-12
Target Société Financière de Gestion et de Participation S.A.
Sector Food
Buyer(s) Smithfield
Deal Type Add-on Acquisition

Target

Société Financière de Gestion et de Participation S.A.

France
Société Financière de Gestion et de Participation S.A. is a maker of processed meats such as hams, dry sausage and hot dogs.

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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 3 of 29
Sector: Food M&A 3 of 27
Type: Add-on Acquisition M&A Deals 3 of 20
Country: France M&A 2 of 2
Year: 1999 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-05-06 Carroll s Foods

Warsaw, North Carolina, United States

Carroll's Foods, Inc. is the second largest hog production company in the U.S. and is headquartered in Warsaw, North Carolina

Buy $231M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-02 Murphy Family Farms

Rose Hill, North Carolina, United States

Murphy Family Farms is the second largest hog production company in the United States and is headquartered in Rose Hill, North Carolina. Murphy Family Farms has approximately 325 thousand sows producing approximately 5.5 million market hogs annually.

Buy -