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Smithfield Foods, Inc., is an American pork producer and food-processing company based in Smithfield, Virginia. It operates as an independent subsidiary of the multinational conglomerate WH Group. [4] [a] Founded in 1936 as the Smithfield Packing Company by Joseph W. Luter and his son, the company is the largest pig and pork producer in the ...
The Smithfield Packing Company sells meat products such as ham, ground pork, pork chops, bacon, and lunch meat. It sells its products worldwide. The company was founded in 1936. It is based in Smithfield, Virginia. It is part of Smithfield Foods which is in turn a subsidiary of WH Group.
The Virginia General Assembly passed a statute defining "Smithfield ham" by law in 1926, with one of the requirements that it be processed within the town limits. Smithfield Foods , a Chinese Fortune 500 company that owns Smithfield Packing Company and others, is the world's largest pork processor and hog producer.
In fiscal year 2005, Smithfield posted a profit of $296.6 on gross sales of $11.4 billion. Luter earned a salary of $850,000 that year. [9] Luter III announced in June 2006 that he would relinquish the title of chief executive officer of Smithfield Foods after serving in that position for 31 years to become non-executive chairman of the company.
Smithfield Hog Production Division, formerly Premium Standard Farms, Inc. (PSF), is a subsidiary of Smithfield Foods, Inc. Premium Standard Farms was the second-largest pork producer and the sixth-largest processor in the United States until Smithfield Foods acquired it in 2007.
View west along SR 10 Bus. (and south along US 258 Bus.) in Smithfield. SR 10 Business is a business route of SR 10 in Isle of Wight County. The business route runs 6.63 miles (10.67 km) from SR 10 and US 258 south of Smithfield to SR 10 north of Smithfield. SR 10 Business follows Church Street through the town of Smithfield.
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