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. It was the largest Chinese acquisition of an American company to date. Then known as Shuanghui Group, WH Group purchased Smithfield Foods in 2013 for $4.72 billion. In 973,000-square-foot meat-processing plant in Tar Heel, North Carolina, was said in 2000 to be the world's largest, slaughtering 32,000 pigs a day. Luter and his son, the company is the largest pig and pork producer in the world. ![]() Founded in 1936 as the Smithfield Packing Company by Joseph W. It operates as an independent subsidiary of the multinational conglomerate WH Group. Smithfield Foods, Inc., is a pork producer and food-processing company based in Smithfield, Virginia.
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