January 21, 2026
Iconic Coney Island hot dog maker Nathan's Famous is sold for $450 million
Nathan's Famous, which opened as 5-cent hot dog stand in Coney Island more than a century ago, has been sold to packaged meat giant Smithfield Foods in a $450 million all-cash deal, the companies announced Wednesday.
TL;DR
- Nathan's Famous was sold to Smithfield Foods.
- The deal was an all-cash transaction.
- The sale price was $450 million.
- Nathan's Famous began as a 5-cent hot dog stand in Coney Island.
- The company has been in business for over a century.
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