Smithfield Hog Production Division, formerly Premium Standard Farms, Inc. (PSF), is a subsidiary of Smithfield Foods, Inc.
Premium Standard Farms was the second-largest pork producer and the sixth-largest processor in the United States until Smithfield Foods acquired it in 2007.[1][2]
In 2013, Smithfield was acquired by Shuanghui International, China’s largest pork producer.[3]
History
PSF was founded in 1988 in Smithfield, Virginia, with the aim of creating a standardized method to produce premium pork. To accomplish this goal, the company decided to pursue full vertical integration—a first for pork producers in the United States.
In 2007, Smithfield acquired Premium Standard Farms for $800 million in cash, stock, and debt.[4]