Packaged meat giant Smithfield Foods bought Nathan’s Famous in an all-cash $450 million deal, the companies announced Wednesday. Nathan’s opened as a 5-cent hot dog stand in Coney Island more than a century ago.
Smithfield, the world’s largest pork producer, was bought by China’s WH Group in 2013. The company is based in Smithfield, Va.
Read the full story in the Richmond Times-Dispatch.
