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alisande_gw

If you avoid foods from China.....

alisande
9 years ago

This happened in September:

Pork producer Smithfield Foods Inc. completed its sale to Shuanghui International Holdings Ltd., the largest shareholder of China's biggest meat processor.

The $34-per-share deal approved by shareholders earlier this week is the largest takeover of a U.S. company by a Chinese firm, valued at about $7.1 billion including debt.

The Smithfield-based company's sale to Shuanghui comes at a time of serious food safety problems in China, some of which have involved Shuanghui, which owns food and logistics enterprises.

The hogs will still be raised here, but slaughtered and packaged for sale there before being sent back here. This includes labels of Morrell, Eckrich, Krakus, Cudahy, Premium Hams, Cook's, Gwaltney, The same with chickens. They can now be shipped there, but when they come back the label needs only to say that they were raised in the US. Not that they were processed in China.

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