US pork producer Smithfield Foods has announced it is to merge two of its major pork processing plants, resulting in the loss of a “minimal” number of jobs as the company tried to cut costs.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Smithfield will merge its Smithfield Packing CO and Gwaltney of Smithfield businesses into one unit, which will have annual sales of more than US$2.5bn, reported Reuters.


The company also announced that Lewis R Little, president of the Smithfield Packing unit, will retire, effective 5 September. The new merged unit will be run by Timothy Seely, who is currently president of Gwaltney.


 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.