Smithfield Foods, Inc. is a meat processing company that manufactures and distributes fresh and packaged meat products to all parts of the US and other countries. The company is based in Virginia in the United States.
Smithfield Foods, Inc. was founded by Joseph W. Luter Sr. and Joseph W. Luter Jr. in 1936. The company was initially called Smithfield Packing. In 1962, Joseph W. Luter III became the president of the company. Although he left the company in 1969, he was elected as the CEO in 1975. One of the major acquisitions took place in 1981, when it bought Gwaltney. In 1984, it also acquired Patrick Cudahy, makers of wood smoked bacon, sausages and ham, followed by Esskay in 1986.
The increase in demand prompted the company to open a meat processing plant in Tar Heel in 1992. In 1994, it introduced Smithfield Lean Generation Pork. The following year, it acquired John Morrell & Co. and expanded its business to Texas and Minnesota. By 1996, the Lean Generation Pork became available in supermarkets. In 1998, it purchased Circle Four Farms. The following year, it also acquired Carroll’s Foods. With the acquisition of Murphy Farms, Inc. in 2000, the company became the largest manufacturer of hog.
Every year since 2003, the company has sponsoder World Water Monitoring Day. It also purchased Farmland Foods, a pork processing company. In 2005, it received ISO 14001 certification. The same year, it also signed an agreement with Compass Group in order to reduce the use of antibiotics in pork. In 2007, it acquired many leading meat processing companies including Butterball and Premium Standard Farms. The sales of the company reached $12 billion in 2007.
Company headquarters: 200 Commerce Street, Smithfield, VA, USA
Annual revenue: $12 billion
Demography: Natural and Organic
Tobin’s First Prize
The Peanut Shop of Williamsburg
Stadler’s Country Farm
Sizzle & Serve
Premium Standard Farms
Paula Deen Collection
Genuine Smithfield Ham
Mosey’s Corned Beef
Milano’s Italian Grille
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