Wanzhou International subsidiary Smithfield announced the acquisition of the hot dog brand Nathan's Famous.

On January 22, Wan Zhou International announced that its subsidiary, Smithfield Foods, has signed a final merger agreement with Nathan's Famous, Inc. Smithfield Foods will acquire all of the issued and outstanding shares of Nathan's Famous for $102.00 per share in cash, corresponding to an enterprise value of approximately $450 million. Since March 2014, Smithfield Foods has held the exclusive licensing rights for Nathan's Famous in Sam's Club stores in the United States, Canada, and Mexico, authorizing the production, distribution, marketing, and sale of "Nathan's Famous" brand hot dogs, sausages, corned beef, and other specific complementary products through retail channels, as well as the production and distribution of "Nathan's Famous" brand hot dog and sausage products through food service channels. The licensing agreement is set to expire in March 2032. The transaction is expected to be completed in the first half of 2026.