Stock Information

SFIP | SWIFT FOODS, INC. CONVERTIBLE PREFERRED

Sector: INDUSTRIAL | Sub-Sector: FOOD, BEVERAGE & TOBACCO

Swift Foods, Inc. (SFI) was incorporated on June 6, 1994 to assume RFM Corporation's (RFM) business of manufacturing, marketing, and distributing processed and canned meat products, poultry products, and commercial feeds. SFI was primarily organized into two business divisions, namely agribusiness (poultry and feeds) and meat (meat processing, and sales and distribution) divisions.

In 2002, the production, marketing and distribution activities of the meat division were transferred back to RFM. Starting 2006, the Company's only business is the poultry business. The Company has 10 integrated branches nationwide engaged in hatching, growing, dressing and distribution operations which supply poultry to customers within its geographic area.

SFI's agribusiness division produces and sells poultry products, namely live and dressed/processed chicken. The Company's poultry production involves two processes: broiler growing operations and dressing/processing operations. Dressed chicken are sold either whole, cut-up into parts and/or customized and processed according to customers' requirements.

In 2012, the trade license agreement between the Company and RFM was finalized giving ownership of the Swift brand to the latter, which subsequently sold the trademark to a third party.

Source: SEC Form 17-A (2024)