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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.