NasdaqGS:SFDFood
Smithfield Foods Reshapes Portfolio With Nathan’s Deal And Plant Closure
Smithfield Foods (NasdaqGS:SFD) has entered a definitive agreement to acquire Nathan’s Famous.
At the same time, the company plans to close its Massachusetts dry sausage plant and cut related jobs.
Both moves are part of a broader restructuring tied to production shifts after adding capacity in other locations.
Smithfield Foods, known for its pork and packaged meat products, is using the Nathan’s Famous acquisition to expand its branded portfolio and reach more consumers in the processed...