China Owns Smithfield. What is going on? You cannot find that ownership on their website. I tried, but I may be wrong. http://www.smithfield.com/why-smithfield/
They are owned by the WH Group of China. Try their web site.
http://www.wh-group.com/en/global/home.php
China owns Smithfield but via some offshore vehicle in the Bahamas, or something like that. Money is Chinese, registration is not.
Smithfield Foods, Inc., is a meat-processing company and wholly owned subsidiary of WH Group of China...
In addition to the over 500 farms Smithfield owns in the United States, another 2,000 independent contract farms around the country grow Smithfield's pigs.[4] Outside the U.S., the company has facilities in Mexico, Poland, Romania, Germany and the UK.[5] Globally the company employed 50,200 in 2016 and reported an annual revenue of $14 billion.[2] Its 973,000-square-foot meat-processing plant in Tar Heel, North Carolina, was reported in 2000 to be the world's largest, processing 32,000 pigs a day.[6]
Then known as Shuanghui Group, WH Group purchased Smithfield Foods in 2013 for $4.72 billion, more than its market value.[7] It was the largest Chinese acquisition of an American company to date.[8] The acquisition of Smithfield's 146,000 acres of land made WH Group, headquartered in Luohe, Henan province, one of the largest overseas owners of American farmland.[9]