Pilgrim’s Pride – Tulip Ltd Closure of acquisition announced

by Editor fleischwirtschaft.com
Thursday, October 17, 2019
Photo: Tulip Ltd

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.