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America Last 20 American-Born Companies that Have Sold Out to Foreign Interests

Breitbart News has compiled a list some of these businesses, including Budweiser, Motorola, 7-Eleven, General Electric, Smithfield Foods, and Legendary Entertainment.

Editor's Comment: it is shocking to see some comapnies we still considered American owned have not been for quite some time.

1. Budweiser: Anheuser-Busch InBev, Belgium — 2008 — $52 billion

Adolphus Busch married Eberhart Anheuser’s daughter and began to work under Anheuser at his Brewery in St. Louis. Busch eventually became partners with his father-in-law, after he purchased half of the brewery. The company was renamed the Anheuser-Busch Brewing Association. Years of expansion led to a variety of beers, and through multiple generations, Anheuser-Busch Brewing Association became one of the largest beer producers in the world. In 2008, August Busch IV sold the American beer company to InBev of Belgium for $52 billion. A marketing strategy by InBev now labels the can with “America” instead of “Budweiser,” but make no mistake, the beer is owned by a Belgium organization.

2. Motorola Mobility: Lenovo, China — 2014 — $2.9 billion

Motorola started when brothers Joesph and Paul Galvin purchased the Stewart Battery’s Company at a manufacturing auction in 1928. They created the car radio and coined the phrase Motorola to go along with it, leading to a series of revolutionary inventions, such as car radio receivers for police vehicles as well as the walkie talkie. Motorola was extremely important to the Apollo 11 mission as they designed, tested, and produced electronics for the mission. As the age of cell phones dawned, Motorola produced brilliant device after brilliant device. In 2011, Motorola split into two companies Motorola Solutions, as well as Motorola Mobility. Seven months after the split, Mobility sold to Google for $12.5 billion. In 2014, Google sold Mobility to Lenovo of China for $2.9 billion.

3. Smithfield Foods: Shanghai Group, China — 2013 — $7.1 billion

Smithfield Foods got its start during colonial times, making a name for itself by producing quality hams. In 1962, Joseph Luter III became the owner after he inherited the company from his father who had passed away. Later, he sold the company for $20 million to Liberty Equities based in Washington D.C. Due to poor business decisions by Liberty Equities, Luter was summoned by the board of directors as CEO. Through savvy and aggressive business decisions, the new CEO was able to grow the company as it acquired Circle Four Farms, Carrol’s Foods, Murphy Farms, and Farmland foods, among other entities. In 2013, the company was purchased by the Shanghai Group of China for $7.1 billion, including Cook’s, Smithfield, Farmland, Eckrich, Healthy Ones, John Morrell, Curly’s, Gwatlney, Margherita, and Armour, giving Chinese shareholders a monopoly on the American hog business.

4. AMC Theaters: Dalian Wanda Group, China — 2012 — $2.6 billion

In 1961, CEO Stanley Durwood renames the Regent Theatre, purchased by the Dubinsky brothers in 1920,  American Multi-Cinema. The creators of the multiplex and the megaplex, AMC, was the first theater chain to incorporate cupholders as well as stadium seating. AMC continued to improve their theaters, becoming the first theater chain to offer gift cards, add the dine-in concept allowing moviegoers to order food from their seats, as well as incorporating I-Max and 3D. In 2012, the theater chain was sold to the Dalian Wanda Group of China for $2.6 billion.

5. Ben & Jerry’s: Unilever, British-Dutch Company — 2000 — 326 million

Ben and Jerry opened their first ice cream shop in Vermont in 1978 when they renovated a gas station, making it into an ice cream shop with a $12,000 investment. Early success enabled Ben and Jerry to rent space in a spool and bobbin mill to package the ice cream for sale to local mom and pops in addition to grocery stores and restaurants. In 1984, the company created a Vermont-only public stock in order to raise money for a new plant. The company went on to name ice creams after instrumental American music figures, such as “Cherry Garcia,” which was named after Grateful Dead guitarist Jerry Garcia, along with “Phish Food,” named for the band Phish from Maine. In 2000, Ben and Jerry sold to the company Anglo-Dutch company Unilever for $326 million.

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Tags:   Jobs & Economy    America First    #America First
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America Last 20 American-Born Companies that Have Sold Out to Foreign Interests
America Last 20 American-Born Companies that Have Sold Out to Foreign Interests