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:
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. http://porcnagano.com/introduction/history-of-nagano-pork/?lang=en
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