Farmers Guradian
Topics
Nine ways to keep your farm vehicles safe

Nine ways to keep your farm vehicles safe

Arable Farming Magazine

Arable Farming Magazine

Dairy Farmer Magazine

Dairy Farmer Magazine

British Farming Awards

CropTec

LAMMA 2018

New to Farmers Guardian?
Register Now
Login or Register
New to Farmers Guardian?
Register Now
New to Farmers Guardian?
Register Now

You are viewing your 1 free article

Register now to receive 2 free articles every 7 days
Already a Member?

Login | Join us now

JBS sells Moy Park for $1.3bn

Pilgrim’s Pride has announced the acquisition of poultry and prepared foods supplier Moy Park from JBS for $1.3 billion (£1bn).



Twitter Facebook
Twitter Facebook
Share This

JBS sells Moy Park for $1.3bn

But the sale keeps it within the JBS empire. JBS owns 78.6 per cent of Pilgrim’s Pride, and appoints a number of directors to the US-based group’s board.

 

Pilgrim’s Pride said the transaction was approved by a ‘special committee’ elected by the shareholders not affiliated with JBS.

 

Bill Lovette, Pilgrim’s Pride chief executive said it would position the company as a global power with an ‘improved and more stable margin profile on the chicken business and an expanded portfolio of prepared foods’.

 

UK and Europe

 

He added it gave the company access to the ‘attractive’ UK and European markets as part of a strategy to become a more global business whilst reducing volatility. Moy Park processes more than 5.7m birds per week with 13 processing plants across Europe.

 

“We will have new business opportunities through the addition of Moy Park’s fully integrated poultry production platform and its strong presence in prepared foods.

 

“Moy Park strengthens Pilgrim’s’ leading portfolio of brands and brings strong value-added innovation capabilities, access to new markets, a best-in- class production platform and strong farmer partner relationships.

 

“In addition, Moy Park shares Pilgrim’s long-standing commitment to become the best and most respected company in our industry.”


Read More

Michael Gove: UK will not accept chlorinated chicken as part of US trade deal Michael Gove: UK will not accept chlorinated chicken as part of US trade deal
Poultry keepers urged to ramp up biosecurity as winter bird flu threat looms Poultry keepers urged to ramp up biosecurity as winter bird flu threat looms
Top Tory MEP tells people to ‘stop moaning’ about chlorinated chicken Top Tory MEP tells people to ‘stop moaning’ about chlorinated chicken

Twitter Facebook
Post a Comment
To see comments and join in the conversation please log in.
Facebook
Twitter
RSS
Facebook
Twitter
RSS