Nathan’s Famous, the iconic hot dog brand that began as a 5-cent stand in Coney Island over a century ago, has been acquired by packaged meat giant Smithfield Foods in a $450 million all-cash deal. The companies announced the transaction on Wednesday.
Smithfield, which has held the rights to produce and sell Nathan’s products across the U.S., Canada, and at Sam's Clubs in Mexico since 2014, will purchase all of Nathan's outstanding shares for $102 each. The acquisition is anticipated to conclude in the first half of 2026.
