Economic

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

January 22, 2026 at 07:16Z
BIAS: Right
RELIABILITY: Mixed

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Fox Business
22:26Z

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 packaged meats portfolio,” Shane Smith, Smithfield CEO and president, said in the statement. Smithfield Foods expects to “achieve annual cost synergies of approximately $9 million by the second a

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