Smithfield Foods, Inc. (SFD) announced that it completed the sale of substantially all of the assets of RMH Foods, LLC to a group of investors led by the Rocke family.
At the same time, the company announced that it completed the sale of Maverick Food Co Ltd, its Chinese joint venture, to COFCO Ltd. Maverick Food Co focuses mainly on hot dogs and other sausages, whole and sliced ham, bacon, Chinese style processed meat, and frozen and convenience food.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.