Meat&Poultry - March 2014 - (Page 16)

Top 100 $ SUCCESSFUL ALES Ranking the industry's top processors BY KIMBERLIE CLYMA T he goal of Meat&Poultry's an- ment, Shuanghui acquired all of sify into the poultry arena was spear- nual listing is to provide an over- Smithfield's outstanding shares for headed by Jason Logsdon, CEO of $34 per share in cash. The Maschhoffs. view of the meat and poultry processing industry's leading companies in C. Larry Pope, president and GNP Company fi nds itself in the North America based on annual sales CEO of Smithfield, expressed posi- 64th spot in the ranking with $400 and to include any changes resulting tive sentiments about the sale: "This million in sales. The Maschhoffs' sales from mergers, acquisitions or closures. is a great transaction for all Smith- in calendar year 2013 were $825 mil- Companies on this year's Top 100 field stakeholders, as well as for Ameri- lion. GNP Company's chicken busi- ranking range from just over $34.4 can farmers and US agriculture. The ness and The Maschhoffs' pork pro- billion in annual sales (Tyson Foods partnership is all about growth, and duction operation will operate as Inc.) down to $193 million in sales. about doing more business at home separate business units. The top 10 spots in the 2014 rank- and abroad. It will remain business One notable drop in rank from ing were occupied by the same 10 as usual - only better - at Smithfield, 2013 was BPI Technology Inc./Beef companies as 2013, with nine of them and we look forward to embarking on Products Inc. In 2013, BPI fell to the staying in the same ranking positions. this new chapter." No. 63 position ($400 million) from Hormel Foods Corp. and ConAgra Smithfield maintains its No. 4 the No. 27 spot ($1.1 billion) in 2012 Foods Inc. - Consumer Foods Seg- ranking with $13.09 billion in sales. following the 2012 'Pink Slime' de- ment switched positions from 2013 to The true impact of the acquisition bacle. BPI, previously a leading sup- 2014 with Hormel now taking the No. may not be reflected until the next plier of lean, finely textured beef, did 6 spot with $8.8 billion in sales (up fiscal year after debts and fees have not make the Top 100 list this year be- from the reported $8.2 billion in sales been paid and adjustments are made cause its sales dropped to $100 million. the previous year); and ConAgra mov- to production practices. Editor's Note: The task of researching ing to No. 7 with $8.2 billion in sales. and collecting the facts and figures that The biggest news for the meat in- dustry acquisition - the recent pur- go into Meat&Poultry's annual Top 100 dustry in the past year was undoubt- chase of chicken processor GNP Com- ranking is spearheaded by Dana Holt, edly the purchase of Smithfield Foods pany, based in St. Cloud, Minn., by manager of directories with Sosland Pub- by China's Shuanghui International The Maschhoffs - also may not be lishing Co. along with Mindy Meyer, Holdings Ltd. last September. After yet apparent. Carlyle, Ill.-based The information services coordinator. Their months of negotiations, Shuanghui Maschoffs is regarded as the largest attention to detail and tireless efforts to acquired Smithfield for approximately family owned pork operation and the make the Top 100 as accurate as possible $7.1 billion, including assumption of fourth-largest pork production com- is a valuable service to our readers and debt. Under the terms of the agree- 16 The impact of another meat-in- pany in the US. The decision to diver- is appreciated by the editorial team. ■ * Meat&Poultry * March 2014 *

Table of Contents for the Digital Edition of Meat&Poultry - March 2014

Meat&Poultry - March 2014
Table of Contents
Commentary - Maintaining vigilance
Business Notes - Rancho Feeding investigation continues
Pilgrim’s Pride plans for new poultry plant in Mexico
Quantum Foods files for bankruptcy
O.K. Foods appoints new CEO
JBS SA acquires Frinal
Washington - Making handling safer
Top 100 - Ranking the industry's top processors
Poultry Processing - Flocking to poultry welfare
Small Business Matters - Trophy Worthy
Ingredient Issues - The best of breading
Packaging Solutions - Adding appeal
Tools of the Trade - Working in Tandem
Food Safety - Strengthening Meat Safety
Labor - Best Hiring Practices
Product Showcase
Names in the News
Classified Advertising
The Insider

Meat&Poultry - March 2014