Sign In
Free Newsletter
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, […]
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 […]
Dollar Tree considers selling or spinning off Family Dollar
Chesapeake-based Fortune 500 discount retailer Dollar Tree is considering selling or spinning off its Family Dollar brand, which it acquired in 2015 for $8.5 billion. “Dollar Tree has been on a multiyear journey to help the company fully achieve its potential,” CEO and Chairman Rick Dreiling said in a statement Wednesday. “Last year, we announced […]
Caliburn International will separate into two companies
Calling it a “natural progression,” Reston-based professional services company Caliburn International announced Wednesday that it will split into two companies to focus on different capabilities. The federal contractor, which has about 8,500 employees, says it expects to complete the separation by Sept. 30. It also announced shifts in leadership to oversee the new companies, Acuity […]
Reston firm sells off federal projects division
Reston-based civil engineering and surveying firm Wiles Mensch Corp. announced Tuesday that it has sold off its federal projects division, which now operates as an independent company, Sorba Engineering. Sorba Engineering, a Reston-based woman-owned small business, employs 12 engineers and technical specialists and has 40 active projects in the Washington, D.C. area. Meredith McComas will [&hellip[...]
DXC Technologies finalizes $5B spinoff of health, human services business
Tysons-based Fortune 500 IT services company DXC Technology has completed the sale of its U.S. State and Local Health and Human Services business to private equity firm Veritas Capital for $5 billion, the Fortune 500 company announced Monday. DXC Technology announced in March it would sell the business unit, which provides technology enabled, mission critical […]
