I try not to buy products made in China. And this out of loyalty to a Chinese friend of mine, the nephew of Cardinal Kung. Now they have taken over the pork industry.
My FoxNY: Chinese meat processor Shuanghui International Holdings Ltd. has agreed to buy Smithfield Foods Inc. for approximately $4.72 billion in a deal that will take the world’s biggest pork producer private.
Hong Kong-based Shuanghui owns a variety of global businesses that include food, logistics and flavoring products and is China’s largest meat processing enterprise. Smithfield owns brands such as Armour, Farmland and its namesake. Read more here.
