International

Pilgrim's Pride buys Kerry Foods

Mergers & Acquisitions

The deal worth c795 million was completed after the board of directors approved unanimously the transaction.

Posted on Sep 29 ,06:48

Pilgrim's Pride buys Kerry Foods

Pilgrim's Pride, a US subsidiary of JBS, has completed the acquisition of the Kerry Group's meat and prepared foods businesses in the United Kingdom and Ireland, which was announced in June this year. The deal worth has completed the acquisition of the Kerry Group's meat and prepared foods businesses in the United Kingdom and Ireland, which was announced in June this year. 795 million was paid by the American poultry producer to secure access to the European market.
The addition of Kerry Meats and Kerry Meals will strengthen Pilgrim’s position as one of the largest integrated value-added food companies in Europe, according to JBS.
Kerry foods will function as a business unit of Pilgrim’s operations in Europe.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

SCOTLAND

QMS continues efforts to engage Westminster and Holyrood on the importance of Scotland’s red meat supply chain

Following its successful showcase of the Scotch Beef, Scotch Lamb, and Specially Selected Pork br...


Read more Read more
WALES

HCC: Reducing calving intervals will save cash and boost productivity

The average calving interval for beef dams in Wales was 420 days in 2024, according to the l...


Read more Read more
INTERNATIONAL

How Ammeraal Beltech's uni DTB revolutionised production at Dovecote Park

Dovecote Park, a family-owned business renowned for producing premium British beef, veal, and ven...


Read more Read more
Websolutions by Angular Software and SpiderClass