September 4, 2024

Smithfield announces divestiture of European operations

Smithfield Foods announced the sale of its European operations, marking a strategic shift to concentrate more on its US business.

The transaction involves the divestiture of multiple assets across Europe, including Poland, Romania, and the United Kingdom.

The decision is part of the company's broader strategy to streamline its global operations and reinvest in its core markets. By narrowing its focus, the company aims to bolster its leadership position in the US pork industry and enhance its capabilities in production, processing, and innovation.

Smithfield's exit from Europe signifies a notable shift in the global pork market, as the company had a considerable presence in the region. The assets sold include key facilities and brands that have been pivotal to Smithfield's European operations.

- Swineweb