WH Group to Buy US Meat Packer Clougherty for USD145 Million
Yicai Global
/SOURCE : Yicai
WH Group to Buy US Meat Packer Clougherty for USD145 Million

(Yicai Global) Nov. 24 -- WH Group Ltd. [HKG:00288], a major Chinese packaged meat producer, said its subsidiary Smithfield Foods Inc. plans to buy US meat packer Clougherty Packing LLC for USD145 million.

Clougherty is a well-known pork producer and processor in the US west including California. It has revenue of about USD500 million a year. Its main products are hot dogs, bacon, breakfast sausages, raw pork, ham, luncheon meat and smoked sausage.

WH Group bought Smithfield Foods, the biggest pork producer in the US, for USD4.7 billion in 2013 and listed in Hong Kong the following year.

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