Smithfield KC Sausage acquired
KC Sausage has operations in Des Moines, Iowa and Kansas City, Missouri. In Des Moines, the company produces premium raw materials for sausages, as well as value-added products, including boneless hams. The Kansas City plant is designed to service retail and foodservice customers. In 2013, Smithfield formed a 50/50 joint venture with the company.
Earlier this month, Smithfield Foods entered into a $25 mill. strategic partnership with e-commerce meat marketplace Chef’d. Through this investment, the companies will leverage Smithfield’s portfolio of brands for meal kit solutions, while Chef’d will gain access to Smithfield’s product development and sourcing capabilities.
The two businesses will also share information about their varying distribution models: Smithfield will be able to learn about Chef’d’s direct-to-consumer model by tapping into real-time consumer insights and sales data; and Chef’d will be able to leverage Smithfield’s national distribution network and facilities to expand its ability to serve consumers with next-day delivery services.