Jan 22, 2026 (MarketLine via COMTEX) --
The company projects annual aEURoecost synergiesaEUR of about $9m by the second anniversary of closing.
US pork processor Smithfield Foods has struck a deal to acquire hot-dog brand NathanaEUR(TM)s Famous.
In a statement issued yesterday (21 January), the WH Group subsidiary said it will purchase all NathanaEUR(TM)s Famous for $102 per share. The all-cash transaction values the business at around $450m.
Smithfield already has the rights toAmanufactureAandAsell NathanaEUR(TM)s Famous products in theAUSAandACanadaAand atASam's Club storesAinAMexico since March 2014.
The licence is due to expire in March 2032.
Shane Smith, the president and CEO of Smithfield, said: aEURoeSince entering into our licencing agreement in 2014, we have made significant investments to build and grow the NathanaEUR(TM)s Famous brand.
aEURoeWith our manufacturing scale, marketing strength, product innovation capabilities, and retail and foodservice channel expertise, acquiring NathanaEUR(TM)s Famous will allow us to take the brand to new heights.aEUR
Smithfield expects the deal to be aEURoeimmediately accretiveaEUR to its adjusted diluted earnings per share from continuing operations, adding it will "drive growth" in its packaged meats business unit.
The company projects annual cost synergies of about $9m by the second anniversary of closing.
aEURoeThe NathanaEUR(TM)s Famous acquisition is a meaningful step in the progression of Smithfield Foods allowing us to own all of the top brands in our packaged meats portfolio and unlock new growth opportunities for our largest segment,aEUR added Smith.
NathanaEUR(TM)s Famous distributes its products across all 50 US states and the District of Columbia.
The brand is also present in 21 other countries through restaurants, foodservice programmes and licensing deals.
In fiscal 2025, the company reported a net profit ofA$24m and revenues of $148.2m.
Members of the NathanaEUR(TM)s Famous board of directors, who collectively own or control around 29.9% of the companyaEUR(TM)s outstanding shares, have entered into a voting agreement to support the deal.
Eric Gatoff, the CEO of NathanaEUR(TM)s Famous, said: aEURoeThis combination is a natural fit and provides a compelling valuation for NathanaEUR(TM)s Famous stockholders.aEUR
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