Meat&Poultry - March 2014 - 16

Top 100

$

SUCCESSFUL ALES
Ranking the industry's top processors
BY KIMBERLIE CLYMA
kclyma@sosland.com

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 * www.MeatPoultry.com
http://www.MeatPoultry.com
Meat&Poultry - March 2014

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