Consolidation in Europe
US - Smithfield Foods SBS unit will merge with Jean Caby, a leading French branded company. U.S. meat processing giant Smithfield Foods has bought the French meat processor Jean Caby and its related companies for approximately $33.2 million plus the assumption of certain liabilities. The company will be merged with Smithfield’s French unit, SBS, creating a first tier processed meat company in France with sales of approximately $466 million. The combined company will operate under the Jean Caby name.
