You Are Mistaken If You Believe These Companies Are Still American

Published on 10/05/2021
ADVERTISEMENT

Smithfield

Smithfield Foods is the only place to go if you’re looking for pork-based products. This business has been in operation since Joseph W. Luter and his son founded it in 1936. The company grew steadily until it had more than 500 farms in the United States and was one of the leading players in the meat market. WH Group acquired it for $4.72 billion in 2013. A Chinese corporation had never before spent so much money in the United States. Despite the fact that the company’s headquarters are still in Smithfield, Virginia, executive decisions are made in Luohe, Henan.

Smithfield

Smithfield

ADVERTISEMENT

Holiday Inn

Holiday Inn began as a small motel between Memphis and Nashville about 70 years ago. Kemmons Wilson had a brilliant idea after a horrible road trip experience with his family. Wallace E. Johnson had already teamed up with him to build more locations a year after he set things in motion. The Intercontinental Hotels Group purchased the hotel chain in the late 1980s. New locations continue to open across the country and around the world, even now. IGH still owns it, therefore it must have been a good investment.

Holiday Inn

Holiday Inn

ADVERTISEMENT