US hog processing giant Smithfield Foods paid US$35.8m cash and assumed debt for its 80% interest in Stefano Foods Inc, it emerged yesterday [Thursday].
Smithfield revealed the financial terms of the Charlotte, NC-based Stefano buyout for the first time in a Form 10-Q filed with the Securities and Exchange Commission (SEC). The acquisition was first announced in June.
Stefano Foods manufacturers Italian convenience foods, including calzones and pizzas.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Food Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now
