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Chinese-owned pork producer gobbles up iconic American hot dog maker

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3 days ago

It looks like a case of wiener take all.Nathan’s Famous, an iconic American hot dog maker and fast-food chain, was sold to Smithfield Inc., a Chinese-owned pork producer, in a $450 million all-cash deal.The two companies announced the merger in a statement Tuesday. Smithfield Foods will acquire all of Nathan’s Famous shares for $102 each, according to the announcement.BEEF PRICES SOAR AS AMERICAN FAMILIES PAY STEEP PRICES FOR STEAKS AND BURGERS NATIONWIDE"The Nathan’s Famous acquisition is a meaningful step in the progression of Smithfield Foods allowing us to own all of the top brands in our...

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3 days ago
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