Smithfield chief faces Senate heat over sale to China

The head of Smithfield Foods faced tough questioning from US lawmakers concerned the proposed sale of Virginia ham maker to China’s largest pork producer could hurt US food safety and lead to higher prices for American consumers.

“I think to your constituents back home, it’s the same old Smithfield,” company President Larry Pope told members of the Senate Agriculture Committee. “Nothing’s going to change. This is going to be an American company. We will continue to operate like an American company.”

via Business feed http://www.scmp.com/business/companies/article/1280138/smithfield-chief-faces-senate-heat-over-sale-china