When Did China Buy Smithfield. Pork producer smithfield foods in what would be the biggest chinese takeover of a u.s. The chinese company is now known as wh group.
For approximately $4.72 billion in a. The hogs will be slaughtered and. Supermarkets, but the company was actually bought by wh group, formerly known as shuanghui.
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With shuanghui international’s purchase of smithfield foods in 2013, a chinese company now owns 1 in 4 pigs raised in the u.s. The majority of the meat consumed in the us is not from china, however, some of it is. Government on friday approved shuanghui international holding’s bid to buy iconic u.s. Smithfield foods was sold to a chinese company in 2013, but china won't be slaughtering and processing hogs raised in the u.s.
