Penelope
Diamond Member
- Jul 15, 2014
- 60,265
- 15,791
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I'm not big into pork, but I guess many people are now working for the Chinese in America.
Smithfield Foods
Smithfield Foods, Inc. is an American subsidiary of the Chinese company Shuanghui Group,[3] the world's largest pork producer and processor.[4]
Headquartered in Smithfield, Virginia, it runs facilities in 26 U.S. states, including the largest slaughterhouse and meat-processing plant in the world, located in Tar Heel, North Carolina.[4] It also has operations in Mexico and in 10 European countries, with a global total of over 46,000 employees and an annual revenue of $13 billion.[5] As of 2015 it is majority owned by Chinese-based and state-owned holding company Shanghui International Holdings Ltd
On 29 May 2013, Shuanghui Group, also known as the Shineway Group, the largest meat producer in China, announced a purchase of all of the stock of Smithfield Foods, Inc. for approximately $4.72 billion.[20] It was also announced by Shuanghui that it would list Smithfield on the Hong Kong Stock Exchange after completing the takeover.[21] On 6 September 2013 the U.S. government approved Shuanghui International Holding’s purchase of Smithfield Food, Inc. The deal was valued approximately $7.1 billion. It since has been the largest stock acquisition by a Chinese company of an American company to date
Smithfield Foods - Wikipedia, the free encyclopedia
Smithfield Foods
Smithfield Foods, Inc. is an American subsidiary of the Chinese company Shuanghui Group,[3] the world's largest pork producer and processor.[4]
Headquartered in Smithfield, Virginia, it runs facilities in 26 U.S. states, including the largest slaughterhouse and meat-processing plant in the world, located in Tar Heel, North Carolina.[4] It also has operations in Mexico and in 10 European countries, with a global total of over 46,000 employees and an annual revenue of $13 billion.[5] As of 2015 it is majority owned by Chinese-based and state-owned holding company Shanghui International Holdings Ltd
On 29 May 2013, Shuanghui Group, also known as the Shineway Group, the largest meat producer in China, announced a purchase of all of the stock of Smithfield Foods, Inc. for approximately $4.72 billion.[20] It was also announced by Shuanghui that it would list Smithfield on the Hong Kong Stock Exchange after completing the takeover.[21] On 6 September 2013 the U.S. government approved Shuanghui International Holding’s purchase of Smithfield Food, Inc. The deal was valued approximately $7.1 billion. It since has been the largest stock acquisition by a Chinese company of an American company to date
Smithfield Foods - Wikipedia, the free encyclopedia