Smithfield Foods Files Registration Statement for Proposed Initial Public Offering

Smithfield Foods, Inc. (the "Company"), an American food company and an industry leader in value-added packaged meats and fresh pork, today announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") to sell shares of its common stock in an underwritten initial public offering. The Company's existing shareholder, identified in the registration statement, is also expected to sell shares of the Company's common stock in the proposed offering. The timing, the number of...

Smithfield Culinary Introduces Smithfield Select Bacon, the Game-Changing, Fully Cooked Bacon 

Smithfield Culinary, a leading producer of premium proteins, launched Smithfield Select Bacon, a fully cooked ready-to-eat option, as the latest addition to the company's platinum line of superior bacon products. This innovative offering is designed to provide an unparalleled sensory experience while significantly reducing time, labor and costs for foodservice operators. Smithfield Select Bacon delivers the rich flavor, appealing appearance and mouthwatering aroma of freshly cooked bacon without the hassle.

Smithfield Culinary's insights reveal that foodservice operators have traditionally faced the challenge of balancing...

Smithfield Foods Completes Purchase of Dry Sausage Facility from Cargill

Smithfield Foods has completed its purchase of a premier dry sausage production facility in Nashville, Tennessee, from Cargill. Terms of the agreement were not disclosed.

The transaction fuels Smithfield’s strategy of continued growth in the value-added packaged meats segment, adding dry sausage production capacity of 50 million pounds per year. Production from the Nashville facility will support Smithfield’s existing portfolio of dry sausage brands including Margherita, Carando and Armour.

“With the added capacity from this facility, Smithfield is poised to continue to expand our packaged meats business in the... 

Smithfield Foods Enters Agreement to Buy Nashville Sausage Facility from Cargill 

On Thursday, Smithfield Foods announced it entered into a definitive agreement to buy a dry sausage facility from Cargill in Nashville, Tennessee. 

The latest acquisition will expand Smithfield’s growing footprint in the value-added packaged meats segment. The transaction is expected to close by the end of next month. Terms of the agreement were not disclosed. 

“This transaction is a testament to our continued focus on growing our packaged meats business by staying ahead of and delivering on our customers’ preferences. Dry sausage is one of our fastest-growing...

Kraig Westerbeek Named President, Smithfield Hog Production

Smithfield Foods has named Kraig Westerbeek as president of its hog production operations effective Feb. 29, reporting to President and Chief Executive Officer Shane Smith.

“Kraig has been an extremely valuable asset to Smithfield Foods throughout his career,” said Shane Smith, chief executive officer for Smithfield. “His extensive experience in our hog production division has helped keep Smithfield on the forefront of our industry, and I look forward to his continued leadership.”

Westerbeek brings more than 30 years of industry experience to his new role...