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.