Sun, 2002-12-15 12:00
Smithfield Foods, Inc. has acquired Vall, Inc., a 20,000-sow company producing about 350,000 market hogs per year in Oklahoma and Texas. Purchase price was $60.7 million cash.
All of the hogs are sold under contract to Seaboard Corporation, Guymon, OK.
Smithfield, based in Smithfield, VA, says because of the current oversupply of hogs, it has no plans to expand its hog farms. It will only grow operations through acquisitions.