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Smithfield Foods Inc. (NYSE: SFD) has agreed to be acquired by China's Shuanghui International Holdings Ltd. for about $7.4 billion, or $34 a Activist Investor Objects to Smithfield Chinese ...
The activist hedge fund operator that had opposed the sale of pork producer Smithfield Foods to a Chinese meat processor said it can't cobble together a deal that would supersede the one received.
It also stopped slaughtering pigs at its hometown plant in Smithfield, Virginia, in 2021. The company is not alone: Tyson Foods shut an Iowa pork plant last year, and has closed U.S. poultry ...
He remained as CEO until 2006 and as chairman until the company was sold to WH Group in 2013. [23] His son, Joseph W. Luter IV, became an executive vice-president of Smithfield Foods in 2008 and president of the Smithfield Packing Company, by then the parent company's largest subsidiary. [24] He resigned in October 2013. [23]
At one time, the company operated 132 company-owned farms and 109 contract farms in the state of Missouri, in addition to a leased farm and eight feed mills. [8] In July 2021, the company closed its original slaughter plant in Smithfield, Virginia. [8] [9] In February 2023, Smithfield Foods closed its meatpacking plant in Vernon, California ...
The Virginia General Assembly passed a statute defining "Smithfield ham" by law in 1926, with one of the requirements that it be processed within the town limits. Smithfield Foods, a Chinese Fortune 500 company that owns Smithfield Packing Company and others, is the world's largest pork processor and hog producer. The company, based in ...
The company, which carved out its European business last year, traded in New York from 1999 until 2013, when WH Group acquired it for $4.7 billion — then the biggest Chinese takeover of a U.S. firm.
ConAgra sold Eckrich to Smithfield Foods on October 2, 2006. [3] All 11 of Peter's children worked delivering meat for the company. Peter's brother Henry took over leadership of the business from Peter and was succeeded by Donald P. Eckrich, who served as president and chief operating officer of Beatrice Companies and president Eckrich. He was ...