Smithfield gets Clougherty from Hormel

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Smithfield gets Clougherty from Hormel

Source：ingredientsnetwork

Publish time：2017-01-06

Smithfield Foods has completed the acquisition of Clougherty Packing, parent company of Farmer John and Saag’s Specialty Meats brands, and PFFJ farm operations from Hormel Foods Corporation.

Smithfield Foods has completed the acquisition of Clougherty Packing, parent company of Farmer John and Saag’s Specialty Meats brands, and PFFJ farm operations from Hormel Foods Corporation. The closing followed the approval of the sale by the Committee on Foreign Investment in the United States.

“We are proud to officially welcome Farmer John to our growing Smithfield family—a move that has already created new value for our combined operations and set the stage for a strong 2017,” said Kenneth M. Sullivan, president and CEO of Smithfield Foods. “With this one acquisition, we’ve created a more efficient supply chain coast-to-coast and expanded our operations, product portfolio as well as our customer and consumer base.”

Smithfield will welcome three farms located in Arizona, California and Wyoming into its hog production division. Kenneth J. Baptist, vice president of operations for Smithfield’s packaged meats division, will now lead Farmer John operations, which includes both the Farmer John and Saag’s Specialty Meats brands. Baptist has more than a decade of experience at Smithfield and more than 30 years of experience in the food industry.

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