Smithfield Foods, Inc.

Smithfield Foods, Inc.

Sector: Meat Packing Plants Region: VA, United States

Similar to: ConAgra Foods, Inc.

Smithfield Foods, Inc. processes and wholesales pork and other meat products. It produces and markets a wide variety of fresh meat and packaged meat products both domestically and internationally. The firm operates through four reportable business segments: Pork, Hog Production, International and Corporate. Its Pork segment consists mainly of its three wholly-owned subsidiaries: Smithfield Packing, Farmland Foods, Inc. and John Morrell Food Group. The Pork segment produces a wide variety of fresh pork and packaged meats products in the U.S. and markets them nationwide and to numerous foreign markets, including China, Japan, Mexico, Russia and Canada. Fresh pork products include loins, butts, picnics and ribs. Packaged meats products include smoked and boiled hams, bacon, sausage, hot dogs, deli and luncheon meats, specialty products such as pepperoni, dry meat products, and ready-to-eat, prepared foods such as pre-cooked entrees and pre-cooked bacon and sausage. The company's Hog Production segment owns genetic lines of specialized breeding stock which are marketed using the name Smithfield Premium Genetics. Its International segment is comprised mainly of its meat processing and distribution operations all over the world and includes meat processing operations produce fresh pork, beef, poultry and packaged meats products, including cooked hams, sausages, hot dogs, bacon and canned meats. The firm's Corporate segment provides management and administrative services to support all other segments. The company was founded by Joseph W. Luter Sr. and Joseph W. Luter Jr. in 1936 and is headquartered in Smithfield, VA.

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