BUSINESS NOTES

摘要

Smithfield Foods Inc., Smithfield, Virginia, announced on Nov. 21 its plans to acquire Clougherty Packing LLC, a subsidiary of Hormel Foods Corp., Austin, Minnesota, for $145 million. The acquisition adds two brands, Los Angeles-based Farmer John and Saag's Specialty Meats, San Leandro, California, to Smithfield's portfolio and includes two processing plants and three PFFJ LLC farms in Arizona, California and Wyoming while adding 2,000 employees to Smithfield's payroll. The deal is subject to capital adjustments and regulatory approvals, but was expected to close within 30 days.