Smithfield Buys Campofrio Unit

Prepared Foods of March 28, 2005 enewsletter

Campofrio Alimentacion SA said it is selling its fully owned Sociedad 814 Americas Inc. unit to Smithfield Foods Inc. unit Patrick Cudahy Inc. for $8.55 million.

In a statement, Campofrio said the divestment is part of its strategy of selling non-strategic assets. Smithfield holds about 22% of Campofrio.

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