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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.
Acquisition of Smithfield Foods. In May 2013, Shuanghui announced its intention to buy Smithfield Foods for $34 per share, or about US$4.72 billion total. Including assumed debt, the total value of the deal was about $7.1 billion.
Chairman and CEO, WH Group. Wan Long ( Chinese: 万隆; born 1940) is a Chinese billionaire businessman, the chairman and CEO of WH Group, the world's largest pork company, with subsidiaries including Smithfield Foods in the US.
The food processing firm reported diluted earnings per share (EPS) of $0.21 on revenues of $3.3 billion. In the same period a year ago, Smithfield reported adjusted EPS of $0.49 on revenue of $3. ...
United States. Website. scnbnc.com. Smithfield's Chicken 'N Bar-B-Q is a quick service restaurant chain in North Carolina serving fried chicken and Eastern North Carolina barbecue, with 41 locations state-wide, as of March 2024.
The Farmland brand and its slogan "Good Food From the Heartland" are now owned by Smithfield Foods, the largest pork producer and processor in the world, but Farmland Foods, Inc. operates independently and continues to market meat products under the "Farmland" brand. Farmland Foods serves both domestic and international markets and has revenues ...
The subsidiary was created when JBS entered the U.S. market in 2007 with its purchase of Swift & Company. JBS USA is based in Greeley, Colorado. [1] Its competitors include Hormel Foods, Cargill, Smithfield Foods, and Tyson Foods .
The next year, JBS acquired Smithfield Foods ' beef business. It was renamed JBS Packerland. [citation needed] On 31 August 2010 it was announced that the company had acquired 64% of Pilgrim's Pride for a bid of US$800 million, establishing JBS's position in the chicken production industry.
Butterball LLC was a joint venture of Smithfield Foods and Maxwell Farms Inc., an affiliate of the Goldsboro Milling Co. Seaboard Corporation bought Smithfield's stake in Butterball in 2010. The company sells over one billion pounds of turkey a year.
SmithFoods. SmithFoods is a regional maker of dairy products, beverages, and ice cream headquartered in Orrville, Ohio. [1] The company sells products under two major brands, Smith's and Ruggles, as well as private label brands, for both retail and wholesale distribution. [2]