Groupe Smithfield S.L. is the home of Aoste, Jean Caby, Stegeman, Nobre and many of Western Europe’s other most popular branded packaged meats. Its annual sales total $1.6 billion. Smithfield Foods owns 50 percent of this joint venture with Oaktree Capital Management, LLC. The company was formed in 2006 through the combination of Smithfield's Groupe Jean Caby subsidiary and the former Sara Lee European Meats business. Primary product lines include dry sausage, dry ham, cooked ham, cooked sausage, poultry, pâté, hot dogs, and ready-to-eat meals. Groupe Smithfield serves Europe's modern and traditional retail trade as well as a large and growing number of foodservice customers.