M&A Deal Summary

Smithfield Foods Acquires Cumberland Gap Provision

On September 2, 2003, Smithfield Foods acquired food company Cumberland Gap Provision for 57M USD

Acquisition Highlights
  • This is Smithfield Foods’ 17th transaction in the Food sector.
  • This is Smithfield Foods’ 7th largest (disclosed) transaction.
  • This is Smithfield Foods’ 14th transaction in the United States.
  • This is Smithfield Foods’ 1st transaction in Kentucky.

M&A Deal Summary
Date 2003-09-02
Target Cumberland Gap Provision
Sector Food
Buyer(s) Smithfield Foods
Deal Type Add-on Acquisition
Deal Value 57M USD
Advisor(s) League Park Advisors LLC (Financial)

Target

Cumberland Gap Provision

Middlesboro, Kentucky, United States
Cumberland Gap is a processor of premium-branded hickory smoked hams, sausages and other specialty processed pork products

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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 17 of 29
Sector (Food) 17 of 27
Type (Add-on Acquisition) 14 of 20
State (Kentucky) 1 of 1
Country (United States) 14 of 19
Year (2003) 1 of 1
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-13 Vall

Texhoma, Oklahoma, United States

Vall, Inc. owns 20,000 sows producing about 350,000 market hogs per year, substantially all of which are sold under contract to Seaboard Corporation in Guymon, Oklahoma.

Buy $61M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-25 Schneider

Kitchener, Ontario, Canada

Schneider Corporation is a food processing company offers bacon cold cuts and deli meats, hams, hot dogs, and sausages. Schneider Corporation was founded in 1890 and is based in Kitchener, Canada.

Sell $378M
Mergr

Product

Company

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