Source: MEATINGPLACE, 11/21/16

WH Group will set its sights on a new round of sizeable acquisitions by the end of next year as it aims to become the world’s largest packaged meat company, according to the South China Morning Post.

“We are already the largest pork packaged meat producer in the world, and we aim to become the leader in other meat markets,” the newspaper quoted Luis Chein, director of WH Group, as saying. “We will consider bigger scale acquisitions when our debt level drops further.”

Chein said the company’s debt will have dropped to a more comfortable level by the end of 2017.

He also told the newspaper that since most of WH Group’ s profit comes from packaged meats, “We should be considered as a consumer stock instead of the biggest hog producer.”

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