who owns smithfield foods

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Smithfield Foods is a U.S.

U.S.
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company that provides more than 40,000 American jobs and partners with thousands of American farmers. The company was founded in Smithfield, Virginia, in 1936 and was acquired in 2013 by Hong Kong-based WH Group, a publicly traded company with shareholders around the world.

How many farms does Smithfield own?

Smithfield Foods was started in 1936 in Smithfield, Va., according to the brand’s website. Although the company’s headquarters are still there, it was acquired by a Hong Kong-based company called WH Group, led by CEO Wan Long, in 2013.

Who owns two Farms Inc?

Smithfield Foods is a U.S. company that provides more than 40,000 American jobs and partners with thousands of American farmers. The company was founded in Smithfield, Virginia, in 1936 and was acquired in 2013 by Hong Kong-based WH Group, a publicly traded company with shareholders around the world.

Who sells Smithfield products?

Smithfield Foods was founded in Virginia in 1936, and its pork products are ubiquitous in U.S. supermarkets, but the company was actually bought by WH Group, formerly known as …

Is Smithfield Foods owned by China?

In 1936, Joseph W. Luter and his son founded a small meat-packing company, The Smithfield Packing Company, along the tributary of the historic James River in the colonial town of Smithfield, Virginia. Using a unique curing process and handcrafted approach, they produced the “Genuine Smithfield Ham” which soon won worldwide acclaim as the centerpiece of holiday …

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Image Credit: Smithfield, Tysons Said Their Plants Had to Stay Open to …

Is Smithfield Foods owned by China?

In 2013, WH Group (formerly known as Shuanghui International Holdings) purchased Smithfield for $4.7 billion; including debt, the deal valued the firm at $7.1 billion, then the largest acquisition of a U.S. company by a Chinese business.Apr 16, 2020

Is Hormel owned by China?

Hormel Foods operates today in China through a wholly-owned subsidiary called Hormel (China) Investment Co., Ltd. Incorporated in Jiaxing, China. This company is now one of the leading suppliers of Western- and Chinese-style processed meats and peanut butter to retail and foodservice operators throughout China.

When did Smithfield sell out to China?

2013
Smithfield Foods was founded in Virginia in 1936, and its pork products are ubiquitous in U.S. supermarkets, but the company was actually bought by WH Group, formerly known as Shuanghui International, for $4.7 billion in 2013.May 8, 2020

Is Skippy peanut butter made in China?

Production. Skippy has factories in Little Rock, Arkansas, and Shandong Province, China. About 750,000 pounds of peanuts are brought daily to the Skippy Peanut Butter plant in Little Rock, Arkansas, resulting in over 3.5 million pounds of peanut butter produced each week.

Is Tyson Foods owned by China?

China B 25% owned by Ping Shan Cobb-Vantress Ltd.
Entity Name Place of Incorporation Description of Operations
Shandong Tyson-Da Long Food Company, Ltd. Tyson Canada International Holdings LP China Canada 65% owned by TIHC; 35% Dailong Holding Company for foreign subsidiaries

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Does Smithfield bacon come from China?

No Smithfield products come from animals raised, processed, or packaged in China. All our U.S. products are made in one of our nearly 50 facilities across America,” according to Smithfield Foods’ website.Apr 14, 2020

What American companies are owned by China?

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Jan 12, 2021

Which meat companies are owned by China?

Smithfield Foods, Inc., is a pork producer and food-processing company based in Smithfield, Virginia, in the United States, and a wholly owned subsidiary of WH Group of China. Founded in 1936 as the Smithfield Packing Company by Joseph W.

Smithfield Foods.
Type Private
Website www.smithfieldfoods.com

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Image Credit: China just crossed a landmark threshold – MINING.COM

Who bought Smithfield?

Joseph W. Luter III began his expansion of Smithfield in 1981 with the purchase of its main competitor, Gwaltney of Smithfield, for $42 million. This was followed by the acquisition of almost 40 companies in the pork, beef, and livestock industries between 1981 and around 2008, including Esskay Meats /Schluderberg-Kurdle in Baltimore, Valley Dale in Roanoke, and Patrick Cudahy in Milwaukee in 1984.

Why did Smithfield close its plant?

Smithfield closed numerous plants in order to help control the spread of the coranivrus. In mid-April 2020 the Smithfield plant in Sioux Falls, South Dakota became a “hotspot” for the COVID-19 pandemic. 300 of the plant’s 3,700 employees tested positive. On April 12 the company announced the indefinite closure of the plant, which processes 4 to 5 percent of the pork products in the United States. Smithfield has stated that plant closures could cause a meat shortage. By April 14, 438 workers in Smithfield’s Sioux Falls plant were confirmed to be infected with the coronavirus, with Sullivan stating, “We have to operate these processing plants even when we have COVID.” On April 15, the company announced the closure of a plant in Cudahy, Wisconsin that makes bacon and sausage, and a plant in Martin City, Missouri that makes hams. Both plants were dependent on the Sioux Falls slaughterhouse. Employees in both facilities had tested positive for coronavirus, and by April 15, 28 workers at the plant in Cudahy had tested positive. By April 17, the Sioux Falls outbreak had grown to 777 cases, of whom 634 were Smithfield employees and 143 were other people who got infected after contact with a Smithfield employee. In 2020, Smithfield was cited by OSHA for violating workplace safety rules relevant to the pandemic. Smithfield says OSHA’s accusations are without merit and is disputing the citation. By September 11, 2020, the Sioux Falls plant was tied to nearly 1,300 worker infections and four worker deaths.

Where are Smithfield pork pigs grown?

Smithfield Foods, Inc., is a pork producer and food-processing company based in Smithfield, Virginia, in the United States, and a wholly owned subsidiary of WH Group of China. 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. In addition to owning over 500 farms in the US, Smithfield contracts with another 2,000 independent farms around the country to grow Smithfield ‘s pigs. Outside the US, the company has facilities in Mexico, Poland, Romania, Germany, and the United Kingdom. Globally the company employed 50,200 in 2016 and reported an annual revenue of $14 billion. Its 973,000-square-foot meat-processing plant in Tar Heel, North Carolina, was said in 2000 to be the world’s largest, processing 32,000 pigs a day.

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Image Credit: Officers: Past President – NC Pork Council

Where is Smithfield Packing Company located?

The company traces its history to 1936, when Joseph W. Luter Sr. and his son, Joseph W. Luter Jr., opened the Smithfield Packing Company in Smithfield, Virginia. The men were working for the meatpacker P. D. Gwaltney, Jr. & Co. when they set up the company; Joseph W. Luter Sr. was a salesman and Joseph W. Luter Jr. the general manager. Financing for the new company came from Peter Pruden of Suffolk and John S. Martin of Richmond. In an interview in 2009, Joseph W. Luter III described how the Luters would buy 15 hog carcasses a day, cut them up, box them, and sell them to small stores in Newport News and Norfolk. They built the Smithfield Packing Company plant in 1946 on Highway 10. By 1959 they had a workforce of 650.

When did Smithfield start buying hog farms?

Smithfield began buying hog-farming operations in 1990, making it a vertically integrated company. As a result, it was able to expand by over 1,000 percent between 1990 and 2005. Vertical integration allows Smithfield to control every stage of pig production, from conception and birth, to slaughter, processing and packing, a system known as “from squeal to meal” or “from birth to bacon”.

Does Smithfield use antibiotics?

Smithfield said in 2005 that it would administer antibiotics only to animals who were sick themselves, or who were in close proximity to sick animals; however, in CAFOs all pigs are in close proximity to each other. The company introduced an antibiotic-free Pure Farms brand in 2017; it promoted the brand as free of antibiotics, artificial ingredients, hormones, and steroids.

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Image Credit: Smithfields Fine Foods – Home

Who bought Clougherty Packing?

In 2016, Smithfield purchased the Californian pork processor Clougherty Packing PLC for $145 million, along with its Farmer John and Saag’s Specialty Meats brands. Smithfield also acquired PFFJ (Pigs for Farmer John) LLC and three of its farms from Hormel Foods Corporation. In August 2017 Smithfield acquired Pini Polska, Hamburger Pini, and Royal Chicken of Poland, and in September that year it announced that it would purchase two Romanian packaged-meat suppliers, Elit and Vericom. In 2019 it acquired Maier Com in Romania.

Does Smithfield now import products from China?

Smithfield has not, does not, and will not import any products from China to the United States. No Smithfield products come from animals raised, processed, or packaged in China. All our U.S. products are made in one of our nearly 50 facilities across America.

Does Smithfield pay U.S. taxes?

Yes. Smithfield continues to pay U.S. local, state, and federal taxes, and heavily reinvests our profits in improvements of our U.S. facilities and employees, as well as construction and acquisitions of new U.S. facilities and capacity.

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Image Credit: 2016 Top 100 Food & Beverage Companies | Food Engineering

Has Smithfield reduced its workforce as a result of the acquisition?

Not a single job has left the United States since the WH Group acquisition. In fact, we have added thousands of American jobs since the 2013 acquisition.

Is WH Group owned by the Chinese government?

WH Group is a publicly traded company with shareholders around the world. Anyone anywhere can purchase shares of WH Group on the Hong Kong Stock Exchange under the stock code 00288. In fact, WH Group’s shareholders include many large U.S.-based financial institutions.

Where is Smithfield Foods based?

We are still headquartered in Smithfield, Virginia, and run by an American and U.S.-based management team.

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Image Credit: Smithfield Foods – Home | Facebook

Who decided to sell the company to WH Group?

In 2013, Smithfield’s shareholders voted overwhelmingly to approve the strategic combination with WH Group. More than 96 percent of the votes cast by investors were in favor of the transaction.

Who bought Smithfield Foods?

Smithfield Foods was founded in Virginia in 1936, and its pork products are ubiquitous in U.S. supermarkets, but the company was actually bought by WH Group, formerly known as Shuanghui International, for $4.7 billion in 2013.

Is Smithfield a publicly traded company?

Smithfield became a subsidiary of the publicly traded Chinese corporation after the Committee on Foreign Investment in the United States (CFIUS) said the acquisition would not endanger national security.

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Image Credit: China just crossed a landmark threshold – MINING.COM

Who is the CEO of Smithfield?

Its CEO, Wan Long, is one of China’s richest men, with a fortune of more than $1.8 billion according to Forbes. CLICK HERE TO READ MORE ON FOX BUSINESS. These days, Smithfield has been in the headlines after its CEO warned of a meat shortage when the company’s Sioux Falls, South Dakota, facility was one of the first to temporarily close because …

Why did Smithfield close?

These days, Smithfield has been in the headlines after its CEO warned of a meat shortage when the company’s Sioux Falls, South Dakota, facility was one of the first to temporarily close because of a coronavirus outbreak.

Who is the CEO of WH Group?

WH Group recorded sales of more than $24.1 billion in 2019, according to its website. Its CEO, Wan Long, is one of China’s richest men, with a fortune of more than $1.8 billion according to Forbes. CLICK HERE TO READ MORE ON FOX BUSINESS.

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Image Credit: Smithfield Foods restructures to accelerate growth | 2015 …

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Smithfield Foods’ Aggressive Efforts To Reduce Greenhouse Gas Emissions

In 2014, Smithfield Foods, the largest pork producer in the world, got terrible publicity when a spy drone flew over their farms and took pictures of lagoons filled with pig feces. Smithfield’s sustainability effort provides a praiseworthy way for them to improve their brand.

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Image Credit: Shuanghui Buying Smithfield Foods for About $4.72 Billion

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Who is Smithfield Foods?

Smithfield Foods is a Virginia-based company and is the world’s largest pork processor and hog producer ; it produces a variety of brand name meats and partnered with a Chinese company long before the COVID-19 pandemic.

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Image Credit: SMITHFIELD FOODS, INC.

How long did Smithfield Foods close?

A day before the announcement, Gov. Kristi Noem and Sioux Falls Mayor Paul TenHaken urged Smithfield Foods in a letter to cease operations for two weeks to clean the facility and have employees recover from any illness.

Who bought Smithfield Foods?

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 lawmakers to wonder if there might be a hidden player.

Who is Nathan Halverson?

Nathan Halverson from the Center for Investigative Reporting looks into the Chinese government’s role in the takeover. This story was produced as part of the Food for 9 Billion series, a collaboration between the Center for Investigative Reporting and Homelands Productions, with broadcast partners the “PBS NewsHour,” American Public Media’s …

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Image Credit: Smithfield Foods – Home | Facebook

Where is the ham capital of the world?

NATHAN HALVERSON: Pork pride is everywhere in Smithfield, Virginia. This small town of 8,000 dubs itself the ham capital of the world. Painted pigs line Main Street. And at the taste of Smithfield Cafe, bacon graces nearly every plate. The town’s museum even features the world’s oldest edible ham.

Who is Daniel Slane?

Daniel Slane, a congressional adviser who receives classified China briefings from the CIA, warned of Chinese government involvement. DANIEL SLANE, U.S.-China Economic and Security Review Commission: They have told their domestic industries, like Shuanghui, go out and find these companies and acquire them.

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Overview

Smithfield Foods, Inc., is a pork producer and food-processing company based in Smithfield, Virginia, in the United States, and a wholly owned subsidiary of WH Group of China. Founded in 1936 as the Smithfield Packing Company by Joseph W. Luter and his son, the company is the largest pig and porkproducer in the world. In addition to owning over 500 farms in the US, Smithfield contracts wit…

History

The company traces its history to 1936, when Joseph W. Luter Sr. and his son, Joseph W. Luter Jr., opened the Smithfield Packing Companyin Smithfield, Virginia. The men were working for the meatpacker P. D. Gwaltney, Jr. & Co. when they set up the company; Joseph W. Luter Sr. was a salesman and Joseph W. Luter Jr. the general manager. Financing for the new company came from …

Operations

In 2016, Smithfield had 50,200 employees in the United States, Mexico and Europe, and an annual revenue of $14 billion. In 2012 it opened a restaurant, Taste of Smithfield, in Smithfield, Virginia, located in the same Main Street building as its retail store, The Genuine Smithfield Ham Shoppe. As of July 2017, the company’s brands included Armour, Berlinki, Carando, Cook’s, Curly’s, Eckrich, …

Lawsuits

In 2010, a jury in Jackson County, Missouri, awarded 13 plaintiffs $825,000 each against a Smithfield subsidiary, Premium Standard, and two other plaintiffs $250,000 and $75,000. The plaintiffs argued that they were unable to enjoy their property because of the smell coming from the Smithfield facilities.
In 2017, in Wake County, North Carolina, nearly 500 residents sued a Smithfield subsidiary, Murp…

Environment impact

Smithfield has come under criticism for the millions of gallons of untreated fecal matter it produces and stores in its lagoons. In 2012 it produced at least 4.7 billion gallons of manure in the United States; during their lifetimes, every pig will produce 1,100–1,300 liters. In a four-year period in North Carolina in the 1990s, 4.7 million gallons of hog fecal matter were released into the state’s riv…

Animal welfare

In Poland, Smithfield Foods purchased former state farms for what its CEO said were “small dollars” and turned them into CAFOs using grants from the European Bank for Reconstruction and Development. Compassion in World Farming(CIWF) conducted an undercover investigation into Smithfield CAFOs there in 2006, and found sick and injured animals in the barns, and dead animals rotting. The CAFOs were run by Animex, a Smithfield subsidiary. In one barn, 26 pigs we…

Labor relations

The Smithfield Packing plant in Tar Heel, North Carolina, was the site of an almost 15-year dispute between the company and the United Food and Commercial Workers Union (UFCW), which had tried since 1994 to organize the plant’s roughly 5,000 hourly workers. Workers voted against the union in 1994 and 1997, but the National Labor Relations Board(NLRB) alleged that unfair ele…

Coronavirus outbreak

Smithfield closed numerous plants in order to help control the spread of the coronavirus. In mid-April 2020 the Smithfield plant in Sioux Falls, South Dakota became a “hotspot” for the COVID-19 pandemic. 300 of the plant’s 3,700 employees tested positive. On April 12 the company announced the indefinite closure of the plant, which processes 4 to 5 percent of the pork products in the United States. Smithfield has stated that plant closures could cause a meat shortage. By …

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