Tianli Agritech, Inc. (OINK) to Adopt New Retail Expansion Strategy
Tianli Agritech, based in Wuhan City, China, is a leading producer of hogs and retailer of pork products in the country. Specifically, the company breeds, raises, and sells breeder and market hogs in China and is developing a retail channel for its pork products, including high-value, black hog meat. The company announced today that it is refocusing its retail expansion strategy. In conjunction with that, Tianli reported it is terminating the exclusive agreement with An Puluo Food, Inc. executed on March 29, 2011. The two firms began selling branded packaged pork though An Puluo's retail distribution channels in April 2011.…