M&A Deal Summary

Smithfield Foods Acquires ConAgra Foods - Ham Business

On January 25, 2006, Smithfield Foods acquired food company ConAgra Foods - Ham Business from Conagra Brands

Acquisition Highlights
  • This is Smithfield Foods’ 22nd transaction in the Food sector.
  • This is Smithfield Foods’ 16th transaction in the United States.
  • This is Smithfield Foods’ 1st transaction in Nebraska.

M&A Deal Summary
Date 2006-01-25
Target ConAgra Foods - Ham Business
Sector Food
Buyer(s) Smithfield Foods
Sellers(s) Conagra Brands
Deal Type Divestiture

Target

ConAgra Foods - Ham Business

Lincoln, Nebraska, United States
ConAgra Foods - Ham Business is a producer of traditional and spiral sliced smoked bone-in hams, corned beef and other smoked meat items sold to supermarket chains and independent grocers.

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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 23 of 29
Sector (Food) 22 of 27
Type (Divestiture) 4 of 7
State (Nebraska) 1 of 1
Country (United States) 16 of 19
Year (2006) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-03 MORLINY S.A.

Poland

MORLINY S.A. enagges in production and marketing of branded processed meats.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-05 Sara Lee Corp - European Meats Business

Hoofddorp, Netherlands

Sara Lee's European meats business generated $1.1 billion in sales in fiscal 2005 and holds its largest positions in France, Portugal and the Benelux region, with popular European brands such as Aoste, Justin Bridou and Nobre. The company also has a presence in Germany, Italy and the United Kingdom.

Buy -

Seller(S) 1

SELLER

Conagra Brands

Chicago, Illinois, United States
Category Company
Founded 1919
Sector Food
Employees18,500
Revenue 12.1B USD (2024)
DESCRIPTION
Conagra's office in Omaha, Nebraska.
Conagra's office in Omaha, Nebraska.

Conagra Brands is a packaged food company with branded and private branded food products. In addition to serving consumer households, ConAgra also offers food products to commercial food customers including restaurants and food service companies. Conagra Brands was founded in 1919 and is based in Chicago, Illinois.

DEAL STATS #
Overall 5 of 18
Sector (Food) 3 of 14
Type (Divestiture) 5 of 18
State (Nebraska) 2 of 7
Country (United States) 5 of 18
Year (2006) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-19 MF Cattle Feeding

Kersey, Colorado, United States

MF Cattle Feeding, Inc. owns and operates cattle feedlots in Colorado and Idaho. The company was incorporated in 1983 and is based in Kersey, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-03-14 ConAgra Foods - Surimi Business

Motley, Minnesota, United States

ConAgra Foods - Surimi Business serves both retail and foodservice customers and includes the Louis Kemp brand.

Sell -
Mergr

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