Smithfield Foods, Inc. (NYSE: SFD) announced yesterday that it had entered into a definitive purchase agreement to acquire substantially all of the assets and business of Gorges/Quik-to-Fix Foods, Inc. for approximately $34 million in cash. The agreement was approved on Friday, July 13, 2001, by the United States Bankruptcy Court in Delaware overseeing the Quik-to-Fix bankruptcy proceeding.