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Smithfield Foods Announces Sale of Texas Hog Production Facility
April 29, 2011 —
Smithfield Foods, Inc. announced today that it completed the sale of its hog production facility located in Dalhart, Texas to Cargill, Inc. for approximately $33 million.
"The sale of this hog production facility is a further extension of our strategy to reduce exposure to commodity businesses and shed non-core assets," said C. Larry Pope, president and chief executive officer.
The Dalhart facility was previously depopulated in August 2009 as part of the company's sow herd reduction initiative.