US meat processor Smithfield Foods may be planning to acquire Hungarian meat processor Pick, according to a local media report.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Privately-owned Hungarian investment firm Arago Holding, which owns Pick, is looking for a strategic investor for the meat processor, the Hungarian News Digest said, citing a Hungarian media report.


The report said that Arago has been in discussions with Smithfield and that the US company may invest in Pick and may even be interested in buying the whole company.

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