date:Feb 27, 2014
Early 2013, the Shuanghui bid to take over Smithfield came as a total surprise. Now the deal has been concluded, it constitutes the largest takeover of a US business by any Chinese company. Shuanghui, China's largest meat processor, paid US$4.7 billion for Smithfield. The management at the US meatpacker was quick to approve the deal Smithfield's CEO and president C. Larry Pope stated that the acquisition is offering opportunities for increased US pork exports to China.
Shuanghui, however, has