M&A Deal Summary

Pilgrim s Pride Acquires Kerry Consumer Foods - Meats and Meals Business

On June 17, 2021, Pilgrim s Pride acquired food company Kerry Consumer Foods - Meats and Meals Business from Kerry for 819M EUR

Acquisition Highlights
  • This is Pilgrim s Pride’s 7th transaction in the Food sector.
  • This is Pilgrim s Pride’s 2nd largest (disclosed) transaction.
  • This is Pilgrim s Pride’s 2nd transaction in the United Kingdom.

M&A Deal Summary
Date 2021-06-17
Target Kerry Consumer Foods - Meats and Meals Business
Sector Food
Buyer(s) Pilgrim s Pride
Sellers(s) Kerry
Deal Type Divestiture
Deal Value 819M EUR

Target

Kerry Consumer Foods - Meats and Meals Business

United Kingdom
website
Kerry Consumer Foods' Meats and Meals Business is a manufacturer of branded and private label meats, meat snacks, food-to-go, and meat-free products in the UK and Ireland.

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Buyer(S) 1

Buyer

Pilgrim s Pride

Greeley, Colorado, United States

website

Category Company
Founded 1946
Sector Food
Employees56,400
Revenue 17.5B USD (2022)
DESCRIPTION

Pilgrim's Pride produce healthy, high-quality food products that go into some of the world's finest recipes. They are dedicated to providing these wholesome, high-quality products at a great value, allowing everyone to eat well. Pilgrim's Pride was founded in 1946 and is based in Greeley, Colorado

DEAL STATS #
Overall 7 of 7
Sector (Food) 7 of 7
Type (Divestiture) 4 of 4
Country (United Kingdom) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-11 Moy Park

Craigavon, United Kingdom

Moy Park Ltd. is a food company providing fresh, high quality, locally farmed poultry and complementary convenience food products and brands to customers and consumers. Moy Park Ltd. was founded in 1943 and is based in Craigavon, United Kingdom.

Buy $1.3B

Seller(S) 1

SELLER

Kerry

Tralee, Ireland

website

Category Company
Founded 1972
Sector Food
Employees22,000
Revenue 7.4B EUR (2021)
DESCRIPTION

Kerry together with its subsidiaries, develops, manufactures, and delivers technology based ingredients, flavors, and integrated solutions for the food, beverage, and pharmaceutical industries in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. Kerry was founded in 1972 and is based in Tralee, Ireland.

DEAL STATS #
Overall 2 of 2
Sector (Food) 2 of 2
Type (Divestiture) 2 of 2
Country (United Kingdom) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-15 Biosearch Life

Madrid, Spain

Biosearch Life is a biotechnology company focused on providing products in three primary areas: probiotics, omega-3 fatty acids and botanical extracts. Biosearch Life distributes its products across Europe, Asia and the US. Biosearch Life is based in Madrid, Spain.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-21 Niacet

Niagara Falls, New York, United States

Niacet is a producer of specialty ingredients for food, feed, and pharmaceutical applications and the global leader in propionates and acetates. The Company’s propionates function as preservatives in baked goods and animal feed, while its acetates serve a wide variety of food and pharmaceutical applications. Niacet was established in 1978 and is based in Niagara Falls, New York.

Buy $1.0B
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