The Fresh Pork segment sources approximately 40% of its raw materials from the Hog Production segment, with the remainder obtained from partnered farmers across the United States. The Hog Production segment raises hogs on company-owned and contract farms. In Mexico, the company holds a 66% interest in Granjas Carroll de Mexico, S. de R.L. de C.V. (Altosano), which raises hogs and produces fresh pork products. The Bioscience operations utilize raw materials from processed hogs to manufacture heparin products. The company markets domestic packaged meats under various brands, including Smithfield, Eckrich, Nathan’s Famous, Farmland, Armour, Farmer John, Kretschmar, Krakus, John Morrell, Cook’s, Gwaltney, Carando, Margherita, Curly’s, and Smithfield Culinary. A new processing facility is planned in Sioux Falls, South Dakota, pending approvals. The company has also agreed to acquire Nathan’s Famous Inc. for $102.00 per share in cash.
Smithfield Foods Inc's Comment on Supply Chain
The Fresh Pork segment sources approximately 40% of its raw materials from the Hog Production segment, with the remainder obtained from partnered farmers across the United States. The Hog Production segment raises hogs on company-owned and contract farms. In Mexico, the company holds a 66% interest in Granjas Carroll de Mexico, S. de R.L. de C.V. (Altosano), which raises hogs and produces fresh pork products. The Bioscience operations utilize raw materials from processed hogs to manufacture heparin products. The company markets domestic packaged meats under various brands, including Smithfield, Eckrich, Nathan’s Famous, Farmland, Armour, Farmer John, Kretschmar, Krakus, John Morrell, Cook’s, Gwaltney, Carando, Margherita, Curly’s, and Smithfield Culinary. A new processing facility is planned in Sioux Falls, South Dakota, pending approvals. The company has also agreed to acquire Nathan’s Famous Inc. for $102.00 per share in cash.
Sources:
Smithfield Foods Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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