SMITHFIELD, Va., July 31,
2024 /PRNewswire/ -- 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.
Smithfield
is poised to continue to expand our packaged meats business in the
rapidly growing dry sausage category.
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 rapidly growing dry sausage
category," said Steve France,
president of packaged meats for Smithfield Foods. "We are pleased
to welcome the employees at Nashville to the Smithfield team and look forward to continuing
to serve the facility's existing customers."
Smithfield has made formal
offers of employment to all employees at the Nashville facility for the same positions they
previously held, with a benefits package that includes
comprehensive medical coverage, a free-tuition program and other
benefits.
About Smithfield Foods, Inc.
Headquartered
in Smithfield, Virginia, since 1936, Smithfield
Foods, Inc. is a U.S. food company that employs more than
54,000 people in seven countries and partners with thousands of
American farmers. As one of the world's leading vertically
integrated protein companies, we are dedicated to producing "Good
food. Responsibly.®" to feed a growing world population.
We believe in the power of protein to end food insecurity and have
donated hundreds of millions of food servings to food banks,
disaster relief efforts and community outreach programs in all 50
U.S. states. Smithfield boasts a portfolio of high-quality
iconic brands, such as Smithfield®,
Eckrich®, Gwaltney® and Nathan's
Famous®, among many others. For more information,
visit www.smithfieldfoods.com and connect with us on
Facebook, X, formerly known as
Twitter, LinkedIn, Instagram and Threads.
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SOURCE Smithfield Foods, Inc.