Smithfield Foods

Business & Economy
4:00 pm
Tue September 24, 2013

The Smithfield, Shuanghui Pork Deal Is Done

Smithfield Foods says it will keep its name after the sell to Shuanghui International Holdings Ltd.
Credit MPR

Pork processor Smithfield Foods has officially been sold.  It is reportedly the largest purchase ever of a US company by a Chinese company.

Today 96% of Smithfield Foods shareholders voted to sell the pork processor to Shuanghui International Holdings Ltd. of Hong Kong.  The deal is worth $7.1 billion.

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4:00 pm
Mon July 8, 2013

N.C. Hog Farm Neighbors File Nuisance Complaints

A USDA official meets with a hog farmer in Johnston County in 2011 to review animal waste management system.
Credit Bob Nichols, USDA Natural Resources Conservation Service

Hundreds of people in eastern North Carolina have filed nuisance complaints against Smithfield Foods about the way hog farmers dispose of their waste. 

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The State of Things
12:19 pm
Tue June 4, 2013

What Is The Future Of A Chinese-Owned Smithfield Foods?

Smithfield Foods says it will stop using so-called ''gestation crates'' by 2017.

The future of Chinese-owned Smithfield

Smithfield Foods is set to be sold to Chinese firm in a $7.1 billion deal. The Shuanghui Group is the largest meat processor in China, and they have agreed to purchase Smithfield Foods to satisfy a large demand for American-made pork in China. If the deal goes through, it would be the largest ever Chinese acquisition of an American company.

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Business & Economy
4:14 pm
Wed May 29, 2013

Smithfield Foods Goes 'Hog Wild' Over Shuanghui Merger

A hog farm.
Credit Jeff Vanuga, USDA NRCS

Leoneda Inge reports on the merger agreement between Smithfield Foods and China-based Shuanghui International.

The multi-billion dollar merger announcement between Smithfield Foods and China-based Shuanghui International caught many people by surprise.  Smithfield owns the largest hog processing plant in the world, in Tar Heel.  And thousands of hog farmers and factory workers in North Carolina are employed by the company.

If the deal clears regulatory hurdles, it could be the biggest takeover of a US company by a Chinese company.

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The State of Things
10:25 am
Fri October 31, 2008

Smithfield Settlement

WUNC Reporter Dave DeWitt joins host Frank Stasio to discuss the case and what the settlement means for unions in North Carolina.

Smithfield Foods and the United Food and Commercial Workers settled a federal racketeering lawsuit this week. Now the nearly five thousand workers at the plant in Tar Heel will have another chance to vote on union representation.

Business & Economy
8:24 am
Wed February 6, 2008

Union Fight Headed To Court

Dave DeWitt reports on the unionization of the Tar Heel hog processing plant.

The fight between Smithfield and the United Food and Commercial Workers over unionizing the Tar Heel hog processing plant has entered a new phase. A federal judge in Virginia has allowed a lawsuit filed by Smithfield to go forward.

The suit accuses the UFCW of a coordinated public smear campaign.  It uses the RICO statutes that were created to fight organized crime. The lawsuit is the latest step in a confrontation that has slowly been moving out of the plant itself and into the kitchens and living rooms of consumers.

Business & Economy
8:54 am
Fri November 17, 2006

Smithfield Workers Protest

Many workers at the Smithfield hog processing plant in Tar Heel North Carolina continue to speak-out about what they call "bad" work conditions. But yesterday instead of just speaking-out – hundreds of workers walked out.

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