Shuanghui Agrees to Acquire Smithfield Foods for $4.72b

China’s consumption of pork is rising with the expansion of its middle class while there are questions being asked about the safety of the country’s food supply. Smithfield’s livestock unit is the world’s largest hog producer, bringing about 15.8 million of the animals to market a year, according to the company’s
website. It owns 460 farms and has contracts with 2,100 others across 12 U.S. states.
Shuanghui Agrees to Acquire Smithfield Foods for $4.72b - Bloomberg