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Smithfield shareholders agree to takeover by China’s Shuanghui
双汇收购美国猪肉巨头史密斯菲尔德
With the multi-billion deal sealed, a manager and a former board member look ahead to what the takeover means for Smithfield Foods’ future. They expect the company to grow and for enhancements to the production chain.
"If you expect growth, there is a growing market in Asia, we need to be part of that. I think it’s a great move on both companies."said Maynard Gwaliney, Fleet Manager of Smithfield.
"I think Smithfield’s care about food security, the security of growing hogs. We will be very beneficial to the new company.
They have very careful process to see if these hogs stay healthy, to follow hogs through the growth, to process the meat, I imagine China already has things like that, but I think additional expertise in management and knowledge should help China."said Robert Burrus, a FMR Smithfield Board member.
