M&A Deal Summary

Smithfield Foods Acquires Vall

On November 13, 2002, Smithfield Foods acquired food company Vall from Vall Companys S.A. for 61M USD

Acquisition Highlights
  • This is Smithfield Foods’ 16th transaction in the Food sector.
  • This is Smithfield Foods’ 6th largest (disclosed) transaction.
  • This is Smithfield Foods’ 13th transaction in the United States.
  • This is Smithfield Foods’ 1st transaction in Oklahoma.

M&A Deal Summary
Date 2002-11-13
Target Vall
Sector Food
Buyer(s) Smithfield Foods
Sellers(s) Vall Companys S.A.
Deal Type Divestiture
Deal Value 61M USD

Target

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.

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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 16 of 29
Sector (Food) 16 of 27
Type (Divestiture) 2 of 7
State (Oklahoma) 1 of 1
Country (United States) 13 of 19
Year (2002) 2 of 2
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-06-03 Stefano Foods

Charlotte, North Carolina, United States

Stefano Foods, Inc. is a producer of a line of Italian convenience foods, including stuffed breads (stromboli), calzones, stuffed pizza rings and pizzas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-02 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

Buy $57M

Seller(S) 1

SELLER

Vall Companys S.A.

Lleida, Spain
Category Company
Founded 1956
Sector Food
DESCRIPTION

The Vall Companys Group is an agrifood group of a family character and leader in Spain, founded in 1956. The operational model of the Vall Companys Group is based on the integration of all phases of the production process, as well as the work of professionals involved and highly trained in their respective fields of activity. In addition to this, it is worth highlighting the implementation of Information Systems of last generation in all work mechanics, which connect and automate the various installations and production plants of the group.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
State (Oklahoma) 1 of 1
Country (United States) 1 of 1
Year (2002) 1 of 1
Size (of disclosed) 1 of 1
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