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SMITHFIELD FOODS, INC., ACQUIRES ASSETS OF VALLEYDALE PACKERS, INC.

SMITHFIELD FOODS, INC., ACQUIRES ASSETS OF VALLEYDALE PACKERS, INC.
 SMITHFIELD, Va., Aug. 31 /PRNewswire/ -- Joseph W. Luter III, chairman, president and chief executive officer of Smithfield Foods, Inc. (NASDAQ-NMS: SFDS), today announced that the company has agreed in principle to acquire certain assets of Valleydale Packers, Inc., a Salem, Va., pork processor.
 The details of the transaction were not disclosed. The transaction is expected to close by Sept. 30.
 "After the transaction is completed, Smithfield Foods will market a full line of Valleydale and Reelfoot processed meats, including bacon, sausage and hot dogs," Luter said.
 -0- 8/31/92
 /CONTACT: Aaron D. Trub of Smithfield Foods, Inc., 202-223-4224/
 (SFDS) CO: Smithfield Foods, Inc.; Valleydale Pakcers, Inc. ST: Virginia IN: FOD SU: TNM


IH -- DC009 -- 4965 08/31/92 12:30 EDT
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Publication:PR Newswire
Date:Aug 31, 1992
Words:131
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