Shuanghui International, a Chinese food giant, is hopeful of closing the $4.7bn acquisition of American pork producer Smithfield Foods by 26 September 2013, following the approvals from the latter's stakeholders. The American producer has ...
Tags: Agriculture, Food, meat
China's Shuanghui International has announced that the Committee on Foreign Investment in the United States (CFIUS) has approved its proposal to acquire Smithfield Foods. Smithfield and Shuanghui International also received governmental ...
Tags: Smithfield Foods, Food
Investment fund Starboard Value LP, one of majority shareholders of the largest US pork producer Smithfield Foods (SFD), planned to vote against the merger between SFD and Shuanghui International Holding, said foreign sources. Starboard ...
Tags: Agriculture, shuanghui, Food, pork
Case goods importer Universal Furniture plans to continue with its celebrity chef Paula Deen Home licensed line despite negative publicity surrounding past use of a racial slur. Deen was dropped by several business partners including ...
Tags: Paula Deen Line, Universal
Porcine Epidemic Diarrhea virus (PEDv), a swine virus that can cause death in piglets, has been identified in two hog farms in North Carolina. The virus has been rapidly spreading across several states in the US since it was first ...
Tags: Swine Virus, Food
A majority shareholder is pressuring Smithfield Foods, Inc. (NYSE:SFD) to explore a breakup rather than go ahead with a planned USD 4.7 billion takeover by Chinese meat company. Activist investor Starboard Value LP said in a letter to the ...
Tags: Agriculture, Food, meat company
US-based pork producer and processor Smithfield Foods has reported a 62.6% decline in net earnings to $29.7m for the fourth quarter of 2013, compared with $79.5m for the same period a year ago due to rise in feed costs and decline in hog ...
Tags: Smithfield Foods, Net Income
Although Shuanghui International and Smithfield Foods (SFD) cannot wait to release a joint acquisition announcement, the two parties have to face joint lawsuits by lawyers from China and the US due to the estimate was accused to be too low, ...
Tags: Shuanghui, Agriculture
UK meat firm Cranswick is likely to reap strategic benefit from the merger of China’s largest meat processor and pig producer, Shuanghui International, with the world’s largest pork processor North America’s Smithfield ...
Shuanghui International has agreed to acquire US-based pork producer and processor Smithfield Foods in an all-cash deal valued at $7.1bn, including the assumption of net debt. Shuanghui International is the majority shareholder of Henan ...
Smithfield Packing, a subsidiary of Smithfield Foods, plans to shift bone-in ham production from its Maryland facility to its other plants in North Carolina and Kentucky, and then permanently shut down the Maryland plant in the mid of this ...
Tags: ham production, Smithfield Foods, ham
US-based pork processor Smithfield Foods has entered into an agreement to form 50/50 joint venture with Kansas City Sausage, including its sister company, Pine Ridge Farms, as a part of its plan to strengthen its packaged meats business. ...
Volatility in global commodity markets remained a significant factor for the food industry during 2012. On the one hand, adverse weather conditions hit grain harvests causing prices to spike, while on the other, over-supply has meant cocoa ...
Smithfield Foods CEO Larry Pope has insisted the US meat will produce "another year of solid earnings" despite lower quarterly profits. Falling earnings from fresh pork and hog production contributed to a decline in first-quarter profits ...
Tags: Smithfield, solid earnings, lower quarterly profits, falling earnings
Smithfield Foods will launch a line of deli and meat products in the US under the Cracker Barrel brand. US restaurant chain Cracker Barrel wants to take its brand into other channels and it today (13 November) announced a licencing deal ...
Tags: Smithfield Foods, Cracker Barrel, deli products, meat products