Shutterstock 2284955395

Smithfield’s European Division Acquires Majority Stake in Spain’s Argal Alimentation

Oct. 31, 2023
Charcuterie and packaged meats processor gives Smithfield Foods a growth platform in Spain and wider packaged meats portfolio.

Smithfield Foods’ European division has formed a strategic alliance with Argal Alimentation, a Spanish charcuterie and packaged-meats processor, announced via a release from Smithfield’s parent company, WH Group Limited.

An agreed framework of joint management serves as the basis for the overall agreement, and Smithfield Foods will assume a 50.1% stake in Argal, with current shareholders maintaining 49.9% of shares. Smithfield and WH Group’s global distribution network and vertical supply chain is expected to benefit Argal in this partnership, as it will gain reach into new markets.

Argal was founded in 1914 and produces charcuterie, cooked ham, cured ham, bacon, turkey, cold cuts, sausages, fuet, pâtés, and ready-to-eat meals in three processing facilities in Catalonia, Navarra and Extremadura, Spain. For fiscal 2023, Argal Group expects to declare revenues of approximately $465 million U.S. (440 million Euro), the release said.

For Smithfield Foods, the investment runs parallel to the company’s strategy to grow its portfolio of packaged meats in Europe overall and offers a solid platform for growth in Spain and Europe, said Luis Cerdan Ibanez, executive vice president, European Operations, for Smithfield.

About the Author

Andy Hanacek | Senior Editor

Andy Hanacek has covered meat, poultry, bakery and snack foods as a B2B editor for nearly 20 years, and has toured hundreds of processing plants and food companies, sharing stories of innovation and technological advancement throughout the food supply chain. In 2018, he won a Folio:Eddie Award for his unique "From the Editor's Desk" video blogs, and he has brought home additional awards from Folio and ASBPE over the years. In addition, Hanacek led the Meat Industry Hall of Fame for several years and was vice president of communications for We R Food Safety, a food safety software and consulting company.

Sponsored Recommendations

Troubleshoot: Grittiness in gluten free cookies

Learn how to adjust gluten free cookie recipes for a softer texture.

Clabber Girl: Rising Success

Uncover how Clabber Girl Corporation achieved a remarkable 7% growth and improved manufacturing efficiency by seamlessly integrating Vicinity's batch manufacturing solution with...

Intelligent Blends: Taking Technology to the Next Level

Find out how our friends at Intelligent Blends use VicinityFood and Microsoft Dynamics GP to produce the best coffee around.

Key ingredient: Mother Murphy's Laboratories

Flavorings manufacturer Mother Murphy’s Laboratories integrates front office with production facility — improving operations from initial order to final invoice.