Smithfield Foods to Purchase Dry Sausage Facility in Nashville

SMITHFIELD, Va. — Smithfield Foods, an American food company with a leading position in packaged meats and fresh pork products, has entered into a definitive agreement to purchase a premier dry sausage production facility in Nashville, Tennessee, from Cargill. The transaction will fuel Smithfield’s strategy of continued growth in the value-added packaged meats segment, enhancing its ability to serve growing demand for high-quality pepperoni, deli, charcuterie and other dry sausage products.  The terms of the agreement were not disclosed. The transaction is expected to close by the end of& July 2024& and is subject to customary closing conditions. This transaction is a testament to our continued focus on growing our packaged meats business.Post this “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 categories, and acquiring this facility from Cargill will better position us to improve sales, drive volume and increase our capacity to bring high-quality dry sausage products to the foodservice, industrial and retail sectors,” said& Steve France, president of packaged meats for Smithfield Foods. “We look forward to serving this facility’s existing customers and welcoming...