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International Business Times
International Business Times
Carla St. Louis

Hong Kong-Based Company Spins Off Pork Producer Smithfield Foods

Smithfield Foods Smithfield Donald Trump Shane Smith Hong Kong IPO United States

Smithfield Foods, the largest pork processor in the country, announced it will not close additional plants as it focuses on growth following its initial public offering (IPO), CEO Shane Smith said Tuesday.

The company is a spin off of Hong Kong-based WH Group and returned to the U.S. market after 10 years on the Stock Exchange of Hong Kong.

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