re: #83 Justanotherhuman

Here’s a local take on it from a couple of months ago.

Chinese company to buy parent company of Patrick Cudahy

The Patrick Cudahy meatpacking plant, which traces its history in the Milwaukee area to the 19th century, may soon be owned by the Chinese.

The plant is part of a proposed $4.72 billion deal that would be the biggest purchase ever of a U.S. company by interests in China. The deal calls for Patrick Cudahy’s parent company, Smithfield Foods, to be purchased by Shuanghui International Holdings Ltd., the majority shareholder in China’s largest meat processor.

The proposal led to some perplexed reactions about the prospect of Sweet Applewood Smoked Bacon soon being owned by a company in one of the last bastions of Communism on the globe, a country that brought the world cheap labor and outsourced jobs.