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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

Smithfield Foods Evaluating Public Offering

10/19/2023

Smithfield Foods, a wholly owned subsidiary of the WH Group is investigating the feasibility of being re-listed according to the Wall Street Journal.

 

The WH Group acquired Smithfield in 2013 for $4.7 billion and was accordingly de-listed.  Recently, the company initiated a program of consolidation closing hog farms in the mid-west and a plant in Charlotte, NC.

 

 

Since acquisition of Smithfield, the company has engendered adverse publicity due to corporate ownership by a company based in China.  It is possible that the intended re-listing of Smithfield may have the objective of diminishing scrutiny and criticism by politicians and welfare advocates by attempting to re-establish image as a U.S. company.


 
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