M&A Deal Summary

Smithfield Foods Acquires The Pork Group

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

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

M&A Deal Summary
Date 1999-09-29
Target The Pork Group
Sector Food
Buyer(s) Smithfield Foods
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 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 5 of 29
Sector (Food) 5 of 27
Type (Divestiture) 1 of 7
State (Arkansas) 1 of 1
Country (United States) 3 of 19
Year (1999) 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
Employees139,000
Revenue 52.9B USD (2023)
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 8
Sector (Food) 1 of 6
Type (Divestiture) 1 of 6
State (Arkansas) 1 of 2
Country (United States) 1 of 7
Year (1999) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-14 H&M Food Systems

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
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