I have been a purchaser of "SmithField" products for quite a while. Even yesterday prior to me learning this news, I had bought 2 pounds of bacon from the Commissary. Well, things they are a changin folks!.
Senior and I heard about this acquisition on the 11 o'clock news and my mouth dropped. He looked at me and said "Its time to do some hunting"... I think I will be doing a large order soon to the country butcher.
SmithField says they are not selling out. That this is a way to compete more globally.
If you are not selling out, then what do you call it?
Another American company that will be owned by the Chinese, imagine the impact and implications this could some day have.
I wonder if Paula Dean will continue to promote them or will she be apart of that acquisition and learn to speak Chinese.
http://www.charlotteobserver.com/2013/05/30/4074792/chinese-company-to-acquire-smithfield.html
