Smithfield has been around since 1936 and has been supplying Americans with different pork-based products for several years. The company was founded by Joseph W. Luter who wanted to create a business that supplied people with high-quality pork. Over the years Smithfield became one of the biggest companies in the farming industry as they now have over 500 farms.
Surprisingly, Smithfield was bought by the Chinese company WH Group for $4.72 billion in 2013. This was the biggest purchase made by a Chinese company at the time and surprised most American businessmen. Smithfield is still one of the biggest in the industry, and they aren’t stopping anytime soon.