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Smithfield Foods, Inc., is an American pork producer and food-processing company based in Smithfield, Virginia. It operates as an independent subsidiary of the multinational conglomerate WH Group. [4] [a] Founded in 1936 as the Smithfield Packing Company by Joseph W. Luter and his son, the company is the largest pig and pork producer in the ...
In 1968 Wan Long started work for Luohe Meat Products Processing United Factory, and became the factory's general manager in 1984. [3]Wan Long is the chairman of WH Group, the world's largest pork company, with subsidiaries including Smithfield Foods in the US. [2]
Smithfield also acquired hog farms in Snowflake, Arizona with land tax $75,000 a year, California, and Wyoming as part of the deal. [22] In 2017, Smithfield Foods acquired the remaining 66.5% of the equity in Pini Polonia. After the acquisition, it became wholly owned by Smithfield Foods. Pini Polonia has a slaughterhouse in Poland. The firm ...
The acquisition of Smithfield Foods by Chinese meat producer Shuanghui International Holdings received clearance from the Committee on Foreign Investment in the United States, the two companies ...
On Friday, Smithfield Foods will release its latest quarterly results. The once-quiet corner of the food-production market got a big jolt when Smithfield got a buyout offer from a Chinese company ...
The Farmland brand and its slogan "Good Food From the Heartland" are now owned by the Chinese-owned, Smithfield Foods, the largest pork producer and processor in the world, but Farmland Foods, Inc. operates independently and continues to market meat products under the "Farmland" brand. Farmland Foods serves both domestic and international ...
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In fiscal year 2005, Smithfield posted a profit of $296.6 on gross sales of $11.4 billion. Luter earned a salary of $850,000 that year. [9] Luter III announced in June 2006 that he would relinquish the title of chief executive officer of Smithfield Foods after serving in that position for 31 years to become non-executive chairman of the company.