Smithfield Foods
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About Smithfield Foods
Industries
Food & Agriculture
Consumer Goods
Company Size
5,001-10,000
Company Stage
Acquired
Total Funding
$4.7B
Headquarters
Sioux Falls, South Dakota
Founded
1936
Overview
Company Does Not Provide H1B Sponsorship
Simplify's Take
What believers are saying
- Smithfield's IPO raised $522M, providing capital for growth and expansion.
- The company is enhancing corporate governance with new compensation and incentive plans.
- Smithfield's focus on community partnerships strengthens its brand and local impact.
What critics are saying
- African Swine Fever outbreaks could disrupt Smithfield's supply chain and increase costs.
- Environmental lawsuits may lead to increased regulatory scrutiny and operational expenses.
- Trade tensions with China could impact Smithfield's export opportunities and profitability.
What makes Smithfield Foods unique
- Smithfield Foods is a leader in value-added packaged meats and fresh pork.
- The company has a strong community focus, donating to educational and hunger programs.
- Smithfield's long history and recent IPO position it uniquely in the market.
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Funding
Total Funding
$4700M
Above
Industry Average
Funded Over
1 Rounds
Benefits
Relocation Assistance
Company News
Smith, who was named CEO in 2021, joined Smithfield nearly 25 years ago, in the wake of the company's acquisition binge, which spanned from about 1980 through the early 2000s.
Additionally, Smithfield Foods has amended its corporate governance documents and introduced new compensation plans, including an Omnibus Incentive Plan and an Employee Stock Purchase Plan.
Smithfield Foods raised $522 million in its IPO, pricing shares below the expected range. The company, a subsidiary of Hong Kong-listed WH Group, sold approximately 26 million shares at $20 each. Initially, Smithfield and its owner planned to offer 17.4 million shares priced between $23 and $27. WH Group will maintain control of Smithfield post-IPO.
/PRNewswire/ -- Smithfield Foods, Inc. (the "Company"), an American food company and an industry leader in value-added packaged meats and fresh pork, today...
In the pipeline, pork producer Smithfield Foods (SFD) filed for an IPO we estimate could raise $1+ billion.
Smithfield Foods is Hiring for 141 Jobs on Simplify!
Find jobs on Simplify and start your career today
Mechanical Engineering
16 Open Roles
IT & Security
7 Open Roles
QA & Testing
5 Open Roles
Electrical Engineering
4 Open Roles
Software Engineering
2 Open Roles
Engineering Management
2 Open Roles
Process Engineering
1 Open Roles
Architecture & Civil Engineering
1 Open Roles
About Smithfield Foods
Industries
Food & Agriculture
Consumer Goods
Company Size
5,001-10,000
Company Stage
Acquired
Total Funding
$4.7B
Headquarters
Sioux Falls, South Dakota
Founded
1936
Smithfield Foods is Hiring for 141 Jobs on Simplify!
Find jobs on Simplify and start your career today
Mechanical Engineering
16 Open Roles
IT & Security
7 Open Roles
QA & Testing
5 Open Roles
Electrical Engineering
4 Open Roles
Software Engineering
2 Open Roles
Engineering Management
2 Open Roles
Process Engineering
1 Open Roles
Architecture & Civil Engineering
1 Open Roles