Hot-diggity-dog: Smithfield Foods acquires iconic Nathan's Famous

Core Viewpoint - U.S. pork processor Smithfield Foods is acquiring Nathan's Famous for $450 million, enhancing its brand portfolio with a well-known hot dog brand [1] Company Summary - Smithfield Foods is a major player in the U.S. pork processing industry, known for its diverse range of meat products [1] - Nathan's Famous is a century-old brand recognized for its iconic hot dogs, which will now be part of Smithfield's offerings [1] Financial Summary - The acquisition deal is valued at $450 million, indicating a significant investment by Smithfield Foods to expand its market presence [1]