Please ensure Javascript is enabled for purposes of website accessibility

Smithfield Foods

Jan 28, 2025

Smithfield Foods raises $522M in first day on Nasdaq

Smithfield Foods officials rang the opening bell Tuesday at the Nasdaq MarketSite in New York City, as the packaged meat and fresh pork giant launched its initial public offering of 26 million stock shares at $20 per share on the Nasdaq Global Select Market, raising $522 million. The offering consists of 13,043,479 shares of common […]

Photo of a brick sign that reads Smithfield next to a road.
Jan 6, 2025

Smithfield Foods files for IPO

Virginia’s Smithfield Foods announced Monday it has filed a registration statement to the U.S. Securities and Exchange Commission for its initial public offering. This is the first step toward the pork and packaged meats giant’s plan of selling common stock on the Nasdaq Global Select Market under the ticker symbol SFD. In November 2024, Smithfield’s […]

Dec 20, 2024

Smithfield to form new hog production company ahead of IPO

Smithfield Foods has inked a deal with VisionAg, an affiliate of North Carolina’s HD3 Farms, to start a new hog production business early next year as the meat producer gears up to go public, the company announced Friday. Smithfield, a giant in packaged meats and pork products, will provide 28,000 sows to the new company, […]

Nov 15, 2024

Smithfield Foods to pay $2M to settle child labor claims

A subsidiary of Virginia-based Smithfield Foods has agreed to pay $2 million to settle allegations it hired children to work at a meat packaging plant in Minnesota. According to the Minnesota Department of Labor and Industry, Smithfield’s operation in Minnesota allegedly employed at least 11 children between the ages of 14 and 17 during the […]

Sep 29, 2024

Top Five October 2024

The top five daily news stories on VirginiaBusiness.com from Aug. 16 to Sept. 13 included news that LL Flooring is selling 219 stores and other assets to an entity connected to F9 Group, which is owned by Lumber Liquidators’ founder and former CEO, Tom Sullivan. 1   |  Portsmouth business owner pleads guilty to $1.3 […]

Sep 29, 2024

Smithfield Foods separates from European arm

Smithfield Foods announced in late August that its European operations have been carved into an independent subsidiary. The action took place a little over a month after Smithfield‘s Chinese parent company, WH Group, which has its headquarters in Hong Kong, announced plans to take Smithfield Foods public in the United States.  Smithfield Europe, now called […]

Photo of a brick sign that reads Smithfield next to a road.
Aug 27, 2024

Smithfield separates from European arm

Smithfield Foods announced Tuesday that its European operations have been carved into an independent subsidiary. The action takes place a little over a month after Smithfield‘s Chinese parent company, WH Group, which has its headquarters in Hong Kong, announced plans to take the company public in the United States.  Smithfield Europe, now to be called […]

Mar 20, 2024

First of two new SCC judges sworn in

Samuel T. Towell, a former Virginia deputy attorney general and Smithfield Foods associate general counsel, was sworn in Wednesday as the Virginia State Corporation Commission’s newest judge. The SCC governs utilities, state-chartered financial institutions, securities, insurance, retail franchising and the Virginia Health Benefit Exchange. Its three-judge panel had been short two judges sin[...]

Brendan Smith. Photo courtesy Smithfield Foods
Feb 7, 2024

Smithfield Foods hires two C-suite execs

Virginia-based Smithfield Foods named two C-suite executives Monday. The nation’s largest pork product manufacturer and hog producer has named Brendan Smith its chief marketing officer and Allyson Bouldon its chief ethics and compliance officer. Smith is returning to Smithfield Foods, having previously served as senior vice president and chief marketing officer for the company and […]

Aug 30, 2023

Retail | Wholesale | Food | Beverage 2023: SHANE SMITH

Smith became CEO of Smithfield Foods in 2021, just as Smithfield, the world’s largest pork product manufacturer and hog producer, said it would end slaughter operations in its hometown of Smithfield, the country’s self-proclaimed  “ham capital.” Now, Smith is trying to navigate tricky financial waters as conservative politicians have been talking tough about Chinese holdings [&hel[...]

Nov 29, 2022

Smithfield Foods names new CFO

Mark Hall, Smithfield Foods Inc.’s executive vice president of finance, has been promoted to chief financial officer and will start in the role on Jan. 1, 2023, the nation’s largest pork product manufacturer and hog producer announced Tuesday. The company’s current CFO since 2015, Glen Nunziata, will leave Smithfield Foods at the end of this […]

Stanislas Vilgrain (L), chairman of Sterling-based Cuisine Solutions, traveled to Ukraine to deliver truckloads of food from his company. Photo courtesy Cuisine Solutions
May 29, 2022

‘The world is behind them’

In late March, Stanislas Vilgrain drove in a convoy of eight trucks from France to Ukraine for 26 hours through a snowstorm, keeping an ear to the radio for news of Russian attacks, The convoy’s mission: to deliver 400,000 meals to Ukrainians from Vilgrain’s Sterling-based business, Cuisine Solutions. The French-born chairman of a company that […]

YOUR NEWS.
YOUR INBOX.
DAILY.

By subscribing you agree to our Privacy Policy.