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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 ...
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The Smithfield Packing Company sells meat products such as ham, ground pork, pork chops, bacon, and lunch meat. It sells its products worldwide. The company was founded in 1936. It is based in Smithfield, Virginia. It is part of Smithfield Foods which is in turn a subsidiary of WH Group. [1] [2] [3]
Smithfield Hog Production Division, formerly Premium Standard Farms, Inc. (PSF), is a subsidiary of Smithfield Foods, Inc. Premium Standard Farms was the second-largest pork producer and the sixth-largest processor in the United States until Smithfield Foods acquired it in 2007.
About 500 plaintiffs in 29 cases have sued Smithfield Foods through its subsidiary Murphy-Brown alleging harm from odors and insects associated with anaerobic lagoons. As of July 2019, a federal judge required the two sides to take turns picking cases to establish a typical case value for use in a negotiated settlement.
Smithfield football ran its win streak to three games on the new state-of-the-art Boyle Athletic Complex on Friday night vs. North Smithfield.
In 1999, Luter announced that Smithfield had become the largest pork producer in the world. [8] In 2004, Luter received a bonus of $6.6 million. [9] In 2005, Luter received a bonus of $9.86 million due to Smithfield's performance during fiscal year 2005. In fiscal year 2005, Smithfield posted a profit of $296.6 on gross sales of $11.4 billion.
Butterball LLC was a joint venture of Smithfield Foods and Maxwell Farms Inc., [2] an affiliate of the Goldsboro Milling Co. [3] Seaboard Corporation bought Smithfield's stake in Butterball in 2010. The company sells over one billion pounds of turkey a year.
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