Merger will benefit everyone
On May 29, Smithfield Foods announced that it had entered into a strategic combination with Shuanghui International Holdings Limited to create a leading, vertically integrated global pork enterprise. As part of Shuanghui’s international platform, Smithfield’s best practices in large-scale farming, food-safety standards, environmental stewardship and animal welfare will set the global industry standard.
Murphy-Brown has been an important part of Smithfield’s success and will be instrumental to the success of the combined company. Shuanghui is committed to continuing the long-term growth of Smithfield, and there will be no changes to our management team or our talented workforce as a result of the transaction. The announcement will have no impact on day-to-day operations, and it remains business as usual for Murphy-Brown.
As always, our commitment to producing good food responsibly is unwavering. We will continue to provide our customers and consumer with the same high-quality, delicious pork products they have come to expect from Murphy-Brown and Smithfield for more than 80 years.
We expect to complete this transaction in the second half of 2013.
We believe that this transaction will result in significant benefits to the entire U. S. pork industry by expanding export opportunities for pork raised in this country and thus creating more demand for hogs, which will have a positive impact on hog prices.
Vice President, Government Relations & Public Affairs, Murphy-Brown