Smithfield Foods, Inc. is an American company and the world's largestpork producer and processor.
Headquartered in Smithfield, Virginia, it runs facilities in 26 U.S. states, including the largest slaughterhouse and meat-processing plant in the world, located in Tar Heel, North Carolina.
It also has operations in Mexico and in 10 European countries, with a global total of over 46,000 employees and an annual revenue of $13 billion.
As of 2015 it is majority owned by Chinese-based and state-owned holding company Shanghui International Holdings Ltd
On 29 May 2013, Shuanghui Group, also known as the Shineway Group, the largest meat producer in China, announced a purchase of all of the stock of Smithfield Foods, Inc. for approximately $4.72 billion.
It was also announced by Shuanghui that it would list Smithfield on the Hong Kong Stock Exchange after completing the takeover.
On 6 September 2013 the U.S. government approved Shuanghui International Holding’s purchase of Smithfield Food, Inc. The deal was valued approximately $7.1 billion. It since has been the largest stock acquisition by a Chinese company of an American company to date.
Thomas, Denny and Oran, Olivia (29 May 2013). "China's appetite for pork spurs $4.7 billion Smithfield deal". Reuters. Retrieved 2013-05-29.
Saeed Azhar and Stephen Aldred (16 July 2013). "Exclusive: Smithfield's China bidders plan Hong Kong IPO after deal – sources". Reuters.