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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.
Joseph W. Luter III (born July 17, 1939) is the former chairman of Smithfield Foods, the world's largest hog producer and pork processor.
Smithfield Foods is offering relocation assistance to workers who take jobs at its Altoona, Denison and Carroll meatpacking plants, said company representative Sam McCabe, adding that many...
Career Smithfield Foods. Sullivan joined Smithfield Foods in 2003. He has served as chief financial officer, chief accounting officer, executive vice president and vice president of finance, and was named chief operating officer and president of Smithfield Foods in December 2015.
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.
Over the past 12 months, Smithfield Foods generated $403.8 million cash while it booked net income of $340.9 million. That means it turned 3.1% of its revenue into FCF. That sounds OK.