SMITHFIELD, Va., May 7, 2012 (GLOBE NEWSWIRE) -- FORTUNE magazine announced today that it has ranked Smithfield Foods (NYSE:SFD) among America's 500 largest corporations for 2012.
Based on total revenue of $12.2 billion, Smithfield placed 218 among FORTUNE'S top 500 U.S. companies. In 2011, the company ranked 216.
"It's indeed an honor to again be included in the FORTUNE 500 because, for us, it means our customers and consumers continue to place their trust in our company and our employees," said Larry Pope, Smithfield's president and chief executive officer.
Smithfield Foods was founded in 1936 and has grown from a modest meat packing company located on the banks of the historic Pagan River in Smithfield, Virginia, to its status today as a $13 billion global food company and the world's largest pork processor and hog producer, employing more than 46,000 people worldwide.
According to FORTUNE, its top 500 companies are ranked by total revenues for their respective fiscal years. Included in the survey are companies that are incorporated and operate in the U.S. and file financial statements with a government agency. This includes private companies and cooperatives that file a 10-K or a comparable financial statement with a government agency, and mutual insurance companies that file with state regulators.
About Smithfield Foods
Smithfield Foods is a $13 billion global food company and the world's largest pork processor and hog producer. In the United States, the company is also the leader in numerous packaged meats categories with popular brands including Farmland®, Smithfield®, Eckrich®, Armour® and John Morrell®. Smithfield Foods is committed to providing good food in a responsible way and maintains robust animal care, community involvement, employee safety, environmental, and food safety and quality programs. For more information, visit www.smithfieldfoods.com and www.smithfieldcommitments.com.
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CONTACT: Keira Lombardo
Smithfield Foods, Inc.