WH Group targets beef assets in US, Europe

Source:Agencies Published: 2017/6/12 23:18:40

Smithfield Foods Inc's owner, China-based WH Group, is seeking US and European beef and poultry assets to buy, which would sharpen its rivalry with global meat packers Tyson Foods Inc and JBS SA.

Expanding into beef and poultry would bring US-based Smithfield, the world's largest pork producer, more in line with competitors Tyson, JBS and BRF SA, which each process pork, chicken and beef.

Smithfield Chief Executive Ken Sullivan said that he is interested in the potential of diversifying into other meats to broaden the company's product portfolio, though no deals are imminent. "We're a food company," he said.

Posted in: COMPANIES

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