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Pork producer Smithfield Foods' CEO says he was taken aback by some of the reactions when the Virginia-based company agreed to be acquired by a Chinese firm last year
Pork producer Smithfield Foods Inc. on Thursday completed its sale to Shuanghui International Holdings Ltd., the largest shareholder of China's biggest meat processor. The deal approved by shareholders earlier this week is the largest takeover of a U.S. company by a Chinese firm.
Smithfield Foods Inc. says it plans to form a joint venture to help grow its packaged meats business.
Tags: meat processing
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