Smithfield completes sale of RMH Foods and Maverick

by Editor
Monday, January 04, 2010

Smithfield Foods, Inc., completed the sale of substantially all of the assets of RMH Foods and also the sale of Maverick Food Company Limited.

RMH Foods LLC assets are sold to a group of investors led by the Rocke family. RMH Foods produces fully cooked beef, pork, and chicken entrees to retail customers, as well as the deli and foodservice channels.

At the same time, Smithfield announced that it completed the sale of Maverick Food Company Limited, its Chinese joint venture, to COFCO Limited, China's largest national agricultural trading and processing company. Maverick Food Company focuses mainly on hot dogs and other sausages, whole and sliced ham, bacon, Chinese style processed meat, and frozen and convenience food.

With sales of $12 billion, Smithfield Foods is the leading processor and marketer of fresh pork and packaged meats in the United States, as well as the largest producer of hogs.