Pilgrim’s Pride – Tulip Ltd: Closure of acqui...
Pilgrim’s Pride – Tulip Ltd

Closure of acquisition announced

Tulip Ltd

USA, Greeley, Colo. Pilgrim’s 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 Pilgrim’s.

The transaction was unanimously approved by the Pilgrim’s Board of Directors and was funded with cash on hand, valuing Tulip Ltd at approximately $354 mill.

Pilgrim’s employs approximately 51,400 people and operates chicken processing plants and prepared-foods facilities in 14 states in the US, Puerto Rico, Mexico, the UK, and continental Europe. The company’s primary distribution is through retailers and foodservice distributors.

 

Source: Pilgrim’s Pride
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