"With our manufacturing scale, marketing strength, product innovation capabilities and retail and food-service channel expertise, acquiring Nathan's Famous will allow us to take the brand to new heights."
"As a longtime partner, Smithfield has demonstrated an outstanding commitment to investing in and growing our brand while maintaining the utmost quality and customer service standards."
"The closing of the transaction is expected to occur in the first half of 2026."
Smithfield Foods will buy Nathan's Famous for $450 million and convert an existing exclusive manufacturing and retail license into permanent ownership. The license had begun in 2014 and was originally set to expire in 2032. The transaction is expected to close in the first half of 2026, with Smithfield projecting $9 million in annual savings. Smithfield plans to leverage its manufacturing scale, marketing strength, product innovation and channel expertise to grow the Nathan's brand. Nathan's remains known for its Coney Island restaurants, supermarket presence and annual July 4 hot-dog-eating contest. Nathan's was founded in 1916 by Nathan Handwerker.
Read at New York Daily News
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