January 6, 2010 (FinancialWire) — John Morrell & Co., a wholly owned subsidiary of Smithfield Foods, Inc. (NYSE: SFD), said that it acquired the remaining 49% interest in Premium Pet Health, LLC. Premium Pet Health is a protein by-product processor that supplies many of the leading pet food processors in the United States.

company CEO C. Larry Pope said “As we continue to focus on our core businesses, it is logical for us to invest in a company that is synergistic to our fresh pork processing business and also has a superior return on invested capital.” Virginia-based Smithfield Foods is the processor and marketer of fresh pork and packaged meats in the United States, as well as a producer of hogs.

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