Agribusiness  October 15, 2019

Pilgrim’s Pride closes British pork producer deal

GREELEY  — Pilgrim’s Pride Corp. (Nasdaq: PPC) has closed its buyout of British pork producer Tulip Ltd., giving it the second-largest prepared foods maker in that country.

The Greeley-based chicken producer announced the deal’s closure in a press release Tuesday morning, saying it paid former owners Danish Crown AmbA the British Pound equivalent of $354 million USD in an all-cash deal.

Pilgrim’s said it would buy Tulip in late August, including its 12 processing plants. Tulip was projected to pull in $3.15 billion USD in revenue this year at the time of the deal’s announcement.

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The deal is unlikely to affect production at Pilgrim’s and owner JBS USA Inc.’s plants in Greeley as those companies’ pork plants are scattered across Kentucky, Illinois, Iowa and Minnesota.

A spokesman for Pilgrim’s Pride did not respond to a request for comment Tuesday morning.

GREELEY  — Pilgrim’s Pride Corp. (Nasdaq: PPC) has closed its buyout of British pork producer Tulip Ltd., giving it the second-largest prepared foods maker in that country.

The Greeley-based chicken producer announced the deal’s closure in a press release Tuesday morning, saying it paid former owners Danish Crown AmbA the British Pound equivalent of $354 million USD in an all-cash deal.

Pilgrim’s said it would buy Tulip in late August, including its 12 processing plants. Tulip was projected to pull in $3.15 billion USD in revenue this year at the time…

Lucas High
A Maryland native, Lucas has worked at news agencies from Wyoming to South Carolina before putting roots down in Colorado.
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