Monday, 3 June 2013

World’s Largest Pork Producer Could be Sold to a Chinese Company

Grist - a beacon in the smog
In Smithfield, Va., on Wednesday, locals were shocked to discover that their town’s namesake, Smithfield Foods, founded in 1936 as a single meatpacking plant and now the largest pork producer in the world, is poised to be sold to Chinese meat company Shuanghui International. If approved by federal regulators, the $4.7 billion deal would be the biggest takeover in history of an American company by a Chinese one. Details here.

1 comment:

Amie du Richelieu said...

Canada's dependence on the Asian market to export it's pork production had already started. In my little town of Richelieu (pop. 5,400), our CAFO with a capacity of 5,800 pigs is financially supported by one of the province's biggest integrator, Robitaille, which produces Nagano pork, especially raised with the Japanese market in mind.