has multiple issues . please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages the topic of this article may not meet wikipedia s notability guidelines for companies and organizations . please help to establish notability by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond its mere trivial mention . if notability can not be established the article is likely to be merged redirected or deleted . find sources campofr o food group news newspapers books scholar jstor free images june 2016 learn how and when to remove this template message this article does not cite any sources . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . june 2016 learn how and when to remove this template message learn how and when to remove this template message campofr o food group type sociedad an nima traded as bmad cfg industry food processing founded 1952 ; 64 years ago 1952 founder jos luis ballv headquarters alcobendas madrid spain number of locations 3 manufacturing & distribution facilities products deli meat ethnic foods pantry foods revenue 1.630 billion 2010 operating income 163 million 2010 net income 40 million 2010 number of employees 19 700 2013 subsidiaries smithfield foods wh group website www.campofriofoodgroup.com the campofrio food group spanish grupo de alimentaci n campofr o known simply as campofr o is a prominent spanish multinational food company based in alcobendas madrid spain that produces different kinds of processed meat products . the company was founded in burgos by jos luis ballv in 1952 . contents 1 history 1.1 1950s 1960s the rise of campofrio 1.2 1970s 1980s campofrio s big growth 1.3 1990s the campofrio phenomenon 1.4 2000s 2010s campofrio continues to expand 2 structure 2.1 principal 3 see also 4 references 5 external links history edit 1950s 1960s the rise of campofrio edit jos luis ballv worked in a seville slaughterhouse before becoming a traveling wool and hide buyer . his travels took him to burgos and he decided to settle there borrow 500 and open a meat business . ballv handled the production side of the business and his partner romulo fernando handled the retail side . the two dissolved their partnership in 1952 so that ballv could start a complete meat packing operation on his own . he opened campofr o alimentaci n in burgos in an abandoned slaughterhouse building . by 1960 campofrio increased production by starting its own cured meat products . 1970s 1980s campofrio s big growth edit in 1978 ballv decided to sell 50 percent of company to beatrice foods international in which campofrio wanted to expand outside spain . in 1985 pedro ballv takes over company after his father s death before he went on to regain control of campofr o from beatrice foods in 1987 and in 1988 campofr o goes public on the madrid stock exchange . 1990s the campofrio phenomenon edit in 1990 campofr o began an international expansion with a subsidiary in france followed by an opening of a plant in moscow . a year later in 1991 campofr o formed the campomoc joint venture with mosmia soprom in russia followed by the launching of a subsidiary in portugal then campofrio formed a joint venture with san miguel corporation in the philippines under the name san miguel campocarne and in 1993 campofrio entered argentina through the campoaustral joint venture . in 1995 campofrio got an iso 9002 accreditation in all of its plants . in 1997 hormel foods acquired 21 percent of campofr o but in 1998 campofrio acquired the tabco and morliny brands in romania and poland respectively . in 1999 campofr o acquired the montagne noire brand in france where it acquired delicass as it entered the p t and prepared delicatessen foods sector that was sold in 2002 . 2000s 2010s campofrio continues to expand edit campofr o acquired the majority of omsa in 2000 and merged with navidul to solidify spanish market leadership . however in 2001 campofr o announced they had to exit the latin american and asian markets to focus on european growth . in 2002 campofr o created the primayor brand to take over the former campocarne subsidiary and integrate its omsa and navidul operations . in 2003 campofr o prepared to continue its european expansion through a series of acquisitions . campofr o s new dominance of the european market encouraged the company to focus its future expansion efforts in western and eastern europe and in 2001 the company announced its intention to sell off its south american holdings . at the same time campofr o sold its share of the philippine joint venture san miguel campocarne to partner san miguel corporation . by the end of 2003 campofr o had completed its reorganization as a pan european processed meat products company . the company s revenues now topped eur 1.4 billion and the company had succeeded in paying down much of the debt generated through the omsa and navidul acquisitions . campofr o appeared in strong position to continue its international expansion into the new century . in 2004 smithfield foods announced that they acquired the for 22.4 % of the campofr o food group . the campofrio food group had finalized the partnership between campofr o and smithfield in order to absorb the smithfield brand into the campofr o brand . smithfield opened its european division with 6 500 employees in paris . in 2011 campofr o acquired the italian sausage maker cesare fiorucci . in may 2013 smithfield foods campofrio s principal stockholder increased its share to 36.99 % after the latter was acquired by shuanghui international holdings of china for 7.100 million . clarification needed in november 2013 the alfa group of mexico along with sigma alimentos took over more than 100 % of campofrio . futhermore more than 45 % of its business came to the ballv family 12.4 % oaktree 24.2 % and caixabank 4.17 % . structure edit the campofrio food group operates more than different brands of processed meats all over europe and the americas . principal edit groupe aoste france campofr o spain campofrio food group america usa cfg deutschland germany cesare fiorucci italy imperial meat products belgium nobre portugal stegeman netherlands caroli romania from the caroli foods group weight watchers under licence disney under imperial meat products see also edit list of food companies references edit external links edit official website retrieved from https en.wikipedia.org w index.php title campofr o food group & oldid 735746351 categories companies established in 1952industrial agriculturemeat packing industrypig farmingsausage companies1952 establishments in spainhidden categories articles with topics of unclear notability from june 2016all articles with topics of unclear notabilityarticles lacking sources from june 2016all articles lacking sourceswikipedia articles needing clarification from june 2016 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