Smithfield Foods to be acquired by Chinese company

Tim Seely, a president of Gwaltney, participates in the grand opening at the Genuine Smithfield Ham in Smithfield on November 21. Gwaltney, owned by Smithfield Foods, just purchased Basse's Choice and changed the name to the Genuine Smithfield Ham Shop - the company is now owned by a Fortune 500 company.
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( Daily Press file photos/ Sang Jib Min / November 21, 2002 )

Tim Seely, a president of Gwaltney, participates in the grand opening at the Genuine Smithfield Ham in Smithfield on November 21. Gwaltney, owned by Smithfield Foods, just purchased Basse's Choice and changed the name to the Genuine Smithfield Ham Shop - the company is now owned by a Fortune 500 company.

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