This Iconic Hot Dog Brand Was Just Sold For $450 Million [Yahoo! Finance]
Nathan's Famous, Inc. (NATH)
US:NASDAQ Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=113414&p=irol-irhome
Company Research
Source: Yahoo! Finance
The buyer, Smithfield Foods, already held the rights to produce and sell the hot dogs and other Nathan's Famous products in the U.S. and Canada, as well as at Sam's Clubs in Mexico. Once the shareholders vote on the deal, Smithfield will own the brand outright. The deal is expected to close in the first half of this year. The company hasn't been in the Handwerker family for some time, however. In 1987 the family sold Nathan's Famous to Equicor Group Ltd. for $20 million. Though it hasn't been a family brand for a while now, it still took number one in our ranking of store-bought hot dog brands Started in 1936 in Virginia, Smithfield Foods today owns many different packaged meat brands including Farmer John, Armour, and Cook's. It is now a subsidiary of the WH Group, the China-based company that is the largest provider of pork in the world. Other subsidiaries include Henan Shuanghui Investment & Development Co., Ltd. in China and Morliny Foods Holding Limited in Europe. Read more:
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News
- NATH Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of Nathan’s Famous to Smithfield FoodsGlobeNewswire
- Halper Sadeh LLC Encourages NATH, VTYX, SKYT Shareholders to Contact the Firm to Discuss Their RightsPR Newswire
- Hot Dog Chain Sends MAGA Into Total Meltdown [Yahoo! Finance]Yahoo! Finance
- Iconic Nathan's Famous hot dogs sold in $450 million deal [Yahoo! Finance]Yahoo! Finance
- 110-year-old hot dog chain just sold its entire business [Yahoo! Finance]Yahoo! Finance
NATH
Sec Filings
- 1/21/26 - Form SCHEDULE
- 1/21/26 - Form DEFA14A
- 1/21/26 - Form 8-K
- NATH's page on the SEC website