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Apr 14, 2020 · The claim: Smithfield Foods was recently sold to China with unanimous support of its stockholders. The hogs will be slaughtered and processed in China before being shipped back to the U.S.
- Fact Check Reporter
Jul 31, 2023 · Just 501 acres, or four percent, of Virginia’s Chinese-owned land is not owned by Smithfield. The Smithfield Times notes, though, that Smithfield Foods “disputes the numbers” reported by the Virginia Department of Agriculture and Consumer Services.
One of the most well-known food companies owned by China is Smithfield Foods. In 2013, WH Group, a Chinese company, acquired Smithfield Foods for approximately $4.7 billion, making it the largest-ever Chinese acquisition of a U.S. company.
Sep 8, 2021 · Smithfield Foods, the largest U.S. pork producer, has been owned by a Chinese company, WH Group, since 2013. No meat products are imported from China.
- Kathryn Underwood
Smithfield Foods, Inc., is a pork producer and food-processing company based in Smithfield, Virginia. It operates as a wholly-owned subsidiary of the Chinese-owned conglomerate WH Group. 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 world.
- 50,200 (2016)
- 200 Commerce Street, Smithfield, Virginia
- US$14.4 billion (2015)
Sep 12, 2014 · Smithfield Foods, the world’s largest pork producer, was acquired by a Chinese firm in 2013 for nearly $5 billion -- more than the company’s market value. The surprising purchase caused some...
Jul 8, 2014 · Smithfield Foods was sold to a Chinese company in 2013, but China won't be slaughtering and processing hogs raised in the U.S. and shipping them back to America.
