M&A Deal Summary

Smithfield Foods Acquires Carroll s Foods

On May 6, 1999, Smithfield Foods acquired food company Carroll s Foods for 231M USD

Acquisition Highlights
  • This is Smithfield Foods’ 2nd transaction in the Food sector.
  • This is Smithfield Foods’ 3rd largest (disclosed) transaction.
  • This is Smithfield Foods’ 1st transaction in the United States.
  • This is Smithfield Foods’ 1st transaction in North Carolina.

M&A Deal Summary
Date 1999-05-06
Target Carroll s Foods
Sector Food
Buyer(s) Smithfield Foods
Deal Type Add-on Acquisition
Deal Value 231M USD

Target

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

Search 201,292 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Smithfield Foods

Smithfield, Virginia, United States
Category Company
Founded 1961
Sector Food
Employees47,900
DESCRIPTION

Smithfield Foods, Inc., brings good food to families and friends around the world in a responsible manner. Smithfield produce many popular products like hams, bacon and sausage.

DEAL STATS #
Overall 2 of 29
Sector (Food) 2 of 27
Type (Add-on Acquisition) 2 of 20
State (North Carolina) 1 of 4
Country (United States) 1 of 19
Year (1999) 1 of 4
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-09-01 Société Bretonne de Salaisons

France

Société Bretonne de Salaisons is a hog producer and pork processor in the France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-08-12 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.

Buy -
Mergr

Product

Company

Legal