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.

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 of the deal’s announcement.

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.