Deals
Shuanghui Says China Needs Overseas Food-Safety Technology
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Shuanghui International Holdings Ltd., the Chinese company that agreed to pay $4.7 billion for Smithfield Foods Inc., the world’s biggest hog producer, said China needs food-safety technology from overseas.
“Chinese food companies need to go outside to learn advanced technology and experiences on food safety,” Chairman Wan Long said in e-mailed responses to questions from Bloomberg. Smithfield has “strict food safety management and effective measures on environmental protection” as well as advanced technology and well-known brands, he said.