To expand meats business Pilgrims Pride Corporation has signed an agreement to acquire the Meats and Meals business of Kerry Consumer Foods for approximately $952 million. The deal includes business in the United Kingdom and Ireland.
Pilgrims will be a leading food company, with a significant value-added protein and integrated prepared foods business anchored by a portfolio of strong brands.
Kerry Meats is a leading manufacturer of branded and private label meats, meat snacks and food-to-go products in the United Kingdom and Ireland.
Kerry Meals is a leading ethnic chilled and frozen ready meals business in the United Kingdom.
In 2019, Pilgrims Pride Corporation announced the completion of the previously announced acquisition of Tulip Ltd from Danish Crown. Tulip Ltd will operate as a business unit within Pilgrims.
Colorado, United States based Pilgrims is a leading pork producer. The company process, prepare, package and deliver fresh, frozen and value-added food products for sale in more than 100 countries. The company serves protein to retailers, restaurants, foodservice providers and consumers around the world. Pilgrims has 39 production facilities and 27 prepared foods facilities in 14 U.S. states, the U.K., Puerto Rico, Mexico and Europe. The company has more than 58,000 employs across the world.