Big news in the pork industry today according to the porkNetwork website, which I visit religiously… and by “religiously” I mean that I visit a few times a year on high holidays! A company from China called the Shuanghui Group plans to acquire Virginia’s Smithfield Foods for roughly $5 billion cash (in a very large briefcase full of unmarked $50 bills, I assume).
Will there be any pork left for us barbecue loving Americans after the Chinese are done meeting their import appetite? If I were you, I’d start stocking my pantry with as many barbecue sandwiches as will fit… this could be Y2K all over again, but this time the stakes are high.
Filed under: BBQ in the News |
BBQ Jew 
Smithfield’s Chicken ‘N Bar-B-Q wants it to be clear that they are not selling out to China anytime soon: http://blogs.wsj.com/corporate-intelligence/2013/05/29/a-word-of-clarification-from-the-other-smithfield/