As reported by Hoosier Ag Today, Smithfield Foods has completed the sales of a few ventures. I thought I would pass word on this news for those interested. Below is a clip of the release. Check out the full article here.
Smithfield Foods has completed the sales of both its Chinese joint venture Maverick Food Company Limited to COFCO Limited and the sale of substantially all of the assets of its RMH Foods, LLC to a group of investors led by the Rocke family.
Larry Pope, president and chief executive officer of Smithfield foods, says – the sale of these assets demonstrates our continuing commitment to shed non-core businesses with a greater focus on efficiencies and return on invested capital.