Smithfield to Buy Conagra Unit

No price is disclosed.
Author:
Publish date:

Smithfield Foods

(SFD)

agreed to acquire

Conagra's

Cook's ham business for an undisclosed price.

With annual sales of $330 million, Cook's produces traditional and spiral sliced smoked bone-in hams, corned beef and other smoked meat items sold to supermarket chains and independent grocers throughout the United States and Canada.

Smithfield expects to complete the transaction during its fiscal fourth quarter which ends April 30, 2006.

This story was created through a joint venture between TheStreet.com and IRIS.