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Chinese Firm Acquires Smithfield Foods

2013-05-29 15:42:00| National Hog Farmer

Source; Smithfield Foods The largest meat products company in China has agreed to acquire all of the assets of Smithfield Foods, valuing Smithfield at approximately $7.1 billion, the company announced this morning. The definitive merger between Shuanghui International and Smithfield includes the assumption of Smithfield's net debt. Shuanghui International is the majority shareholder of Henan Shuanghui Investment & Development Co., is China's largest meat processing enterprise and China's largest publicly traded meat products company as measured by market capitalization. read more

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