The pork supplier WH Group Ltd said on Tuesday its Smithfield Foods Inc unit will acquire two packaged meats manufacturers in Romania, expanding the Chinese group’s operations in Europe, according to Reuters.
Smithfield based in U.S. has agreed to buy a 100 percent stake in Elit SRL and Vericom SRL for an undisclosed amount.
The deals are pending approval from the Competition Council.
Elit and Vericom operate three packaged meats manufacturing facilities and five distribution centers in Romania.
Photo courtesy: Asia Times
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