Nathan’s Famous Acquired by Smithfield Foods — Consumer M&A

Smithfield Foods has acquired Nathan’s Famous, a food beverage retail business in the United States, for $450 million. Smithfield Foods acquisitions expand a branded all-beef hot dog portfolio through Nathan’s Famous branded hot dogs and related products sold across retail and foodservice channels. The strategic acquisition builds on Smithfield’s long-running exclusive manufacturing, distribution, and marketing license for Nathan’s Famous in the U.S. and Canada, plus Sam’s Clubs in Mexico, supporting brand growth beyond packaged meats. This consumer M&A merger acquisition is an all-cash strategic acquisition with a $102.00 per share price, no financing contingency, and expected closing in the first half of 2026 subject to customary approvals including Hart-Scott-Rodino and Committee on Foreign Investment in the United States.