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Smithfield snaps up Cook's hams from ConAgra

Agriculture.com Staff 01/26/2006 @ 8:12am

Smithfield Foods Wednesday announced it has signed a definitive agreement to acquire substantially all of the assets of the Cook's ham business from ConAgra Foods. The company, which merged with ConAgra in 1988, has facilities in Lincoln, Grayson, Kentucky, and Kansas City, Missouri. Smithfield expects to complete the deal before April 30.

Cook's, based in Lincoln, Nebraska, makes traditional and spiral sliced smoked bone-in hams, corned beef and other smoked meat items that are sold to supermarket chains and independent grocers in the U.S. and Canada. They have annual sales of about $330 million, ConAgra says.

The agreement is subject to antitrust clearance and other closing conditions.

Smithfield is a leading processor and marketer of fresh pork and processed meats in the U.S., as well as the largest producer of hogs.

Smithfield Foods Wednesday announced it has signed a definitive agreement to acquire substantially all of the assets of the Cook's ham business from ConAgra Foods. The company, which merged with ConAgra in 1988, has facilities in Lincoln, Grayson, Kentucky, and Kansas City, Missouri. Smithfield expects to complete the deal before April 30.

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