M&A Deal Summary

Smithfield Acquires The Pork Group

On September 29, 1999, Smithfield acquired food company The Pork Group from Tyson Foods

Acquisition Highlights
  • This is Smithfield’s 5th transaction in the Food sector.
  • This is Smithfield’s 3rd transaction in the United States.
  • This is Smithfield’s 1st transaction in Arkansas.

M&A Deal Summary

Date 1999-09-29
Target The Pork Group
Sector Food
Buyer(s) Smithfield
Sellers(s) Tyson Foods
Deal Type Divestiture

Target

The Pork Group

Rogers, Arkansas, United States
The Pork Group, Inc. represents the hog production operations of Tyson Foods and has approximately 110,000 sows located principally in the Midwest as well as small operations in North Carolina. Combined, these operations are capable of producing approximately 1.8 million market hogs annually.

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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 5 of 29
Sector: Food M&A 5 of 27
Type: Divestiture M&A Deals 1 of 7
State: Arkansas M&A 1 of 1
Country: United States M&A 3 of 19
Year: 1999 M&A 4 of 4
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-03-03 Coddle Roasted Meats

Portsmouth, Virginia, United States

Coddle Roasted Meats is a manufacturer, processor, and supplier of pork products to the retail and food service markets in the United States.

Buy -

Seller(S) 1

SELLER

Tyson Foods

Springdale, Arkansas, United States

Category Company
Founded 1935
Sector Food
Employees138,000
Revenue 53.3B USD (2024)
DESCRIPTION

Tyson Foods produces, distributes, and markets chicken, beef, pork, prepared foods, and related allied products worldwide. Tyson Foods operates a fully vertically integrated poultry production process. The Company's integrated operations consist of breeding stock, contract growers, feed production, processing, further-processing, marketing and transportation of chicken and related allied products, including animal and pet food ingredients. Tyson also processes live fed cattle and hogs and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, case ready beef and pork and fully-cooked meats. Finally, Tyson produces a wide range of fresh, value-added, frozen and refrigerated food products. Tyson Foods was founded in 1935 and is based in Springdale, Arkansas.


DEAL STATS #
Overall 1 of 9
Sector: Food M&A 1 of 7
Type: Divestiture M&A Deals 1 of 7
State: Arkansas M&A 1 of 2
Country: United States M&A 1 of 7
Year: 1999 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-14 H&M Food Systems Co.

Fort Worth, Texas, United States

H&M Food Systems Co., Inc. is a producer and distributor of meat products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-06-28 Tyson Fresh Meats

Dakota Dunes, South Dakota, United States

Tyson Fresh Meats, Inc. is a producer of beef and pork products for retail and food services.

Buy $2.7B