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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 claim: Smithfield Foods was recently sold to China with unanimous support of its stockholders. The hogs will be slaughtered and processed in China before being shipped back to the U.S.
Smithfield Foods, the world’s largest pork producer, was acquired by a Chinese firm in 2013 for nearly $5 billion -- more than the company’s market value. The surprising purchase caused some...
But what has garnered less attention is the fact that the vast majority — over 80 percent — of U.S. farmland owned by Chinese corporations or investors is owned by Smithfield Foods. Located in Smithfield, Virginia, Smithfield was purchased by the Hong Kong-based WH Group for $4.7 billion in 2013.
Smithfield Foods, the largest U.S. pork producer, has been owned by a Chinese company, WH Group, since 2013. No meat products are imported from China.
The group owns subsidiary companies such as Henan Shuanghui Investment & Development Co Ltd., Asia’s largest meat processing company, and Smithfield Foods Inc., the biggest pork food company in...
It owns both Smithfield, the biggest U.S. pork food company, and Henan Shuanghui Investment & Development Co., Asia's biggest meat processing company.
A Chinese meat company’s takeover of Virginia-based Smithfield Foods was meant to be the crowning achievement for Wan Long, the aging former slaughterhouse manager who engineered the deal.
Smithfield Foods, whose South Dakota plant has become a hotspot for coronavirus cases, was purchased by Chinese tycoon Wan Long’s firm WH Group in 2013.
The makers of Smithfield Ham, an icon on America's culinary scene for decades, are selling the publicly traded company to China's Shuanghui International Holdings Limited for about...