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Smithfield deal says much about China's needs
date:Jun 04, 2013
he sheer size of the Smithfield acquisition breaks new ground. Smithfield, the maker of its namesake ham brand, Farmland bacon and Health Ones lunch meats, has annual revenue of $13 billion. Employing more than 46,000 people, it has facilities in 26 US states, 10 European countries and Mexico. Some US observers have said the deal, in turn, could put big meat, dairy and processed food producers into play.

The acquisition could help China in its struggle to meet rising demand for pork. China has

12/23 18:59