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Consolidation in Europe

by 5m Editor
11 June 2004, at 12:00am

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.

5m Editor