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Smithfield is an American food company and a leading player in the value-added packaged meats and fresh pork industry, generating over $14 billion in annual sales. The company employs approximately 34,000 people in the United States and around 2,500 people in Mexico. Maintaining high-quality standards, Smithfield meets market demand through strong partnerships with thousands of U.S. family farmers and blue-chip global customers. Its market leadership is driven by its scale, diverse portfolio of well-established brands and products, and a reputation as a trusted partner known for quality. The company markets its products under a portfolio of iconic brands, including Smithfield, Eckrich, and Nathan’s Famous, among others.
Smithfield's ambition is to become the most trusted food and protein company in North America while providing food to consumers in the United States and globally. It operates with a focus on responsibility, operational excellence, and innovation. The company produces and distributes a broad range of packaged meats and fresh pork products both domestically and internationally. Its operations are structured into three reportable segments: Packaged Meats, Fresh Pork, and Hog Production.
As a leading provider of packaged meats in the United States, Smithfield holds the second-largest branded market position by volume across 25 key packaged meat categories, which collectively represent a $43 billion annual market opportunity. As of September 2024, the company accounted for approximately 20% of the market share by volume, including private label sales, according to Circana. Additionally, Smithfield is the largest fresh pork processor in the United States, with an estimated 23% market share as of Fall 2023, based on data from National Hog Farmer.
Smithfield distributes its products across multiple channels, including retail and foodservice, reaching all 50 U.S. states as well as international export markets. The company is a leading exporter of pork and pork products, with export sales representing 13% of total revenue for the nine-month period ending September 29, 2024.
Headquarters
200 Commerce Street Smithfield, Virginia 23430
Financial information
Underwriters
Morgan Stanley, BofA Securities, Goldman Sachs, Barclays, Citigroup
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