Companies That We Believed To Be American, But They Are Really Not!

Published on 10/05/2021
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Smithfield

Smithfield Foods is the only source of pork-based products. This firm has been in operation since 1936, when it was formed by Joseph W. Luter and his son. The company expanded steadily until it had over 500 farms in the United States and was one of the market’s largest participants. It was acquired by WH Group for $4.72 billion in 2013. A Chinese company had never spent this much money in the United States before. Although the corporation is still headquartered in Smithfield, Virginia, executive decisions are made in Luohe, Henan.

Smithfield

Smithfield

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Holiday Inn

Around 70 years ago, Holiday Inn began as a tiny motel between Memphis and Nashville. Kemmons Wilson had a wonderful idea during a traumatic road trip with his family. Wallace E. Johnson had previously partnered with him a year after he initiated the project. In the late 1980s, the Intercontinental Hotels Group acquired the hotel chain. Even now, new stores are opening across the country and around the world. IGH still owns it, indicating that it was a sound investment.

Holiday Inn

Holiday Inn

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