M&A Deal Summary

Pilgrim s Pride Acquires Moy Park

On September 11, 2017, Pilgrim s Pride acquired food company Moy Park from JBS for 1.3B USD

Acquisition Highlights
  • This is Pilgrim s Pride’s 6th transaction in the Food sector.
  • This is Pilgrim s Pride’s largest (disclosed) transaction.
  • This is Pilgrim s Pride’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2017-09-11
Target Moy Park
Sector Food
Buyer(s) Pilgrim s Pride
Sellers(s) JBS
Deal Type Divestiture
Deal Value 1.3B USD

Target

Moy Park

Craigavon, United Kingdom
website
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.

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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 6 of 7
Sector (Food) 6 of 7
Type (Divestiture) 3 of 4
Country (United Kingdom) 1 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-29 GNP

St. Cloud, Minnesota, United States

GNP Co. is a provider of premium branded and custom chicken products. GNP Co.'s products are distributed in nearly all 50 states under the well-recognized Just BARE® and Gold'n Plump® brand names.

Buy $350M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 Kerry Consumer Foods - Meats and Meals Business

United Kingdom

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.

Buy €819M

Seller(S) 1

SELLER

JBS

São Paulo, Brazil

website

Category Company
Founded 1953
Sector Food
Employees250,000
Revenue 270.2B BRL (2020)
DESCRIPTION
JBS office in Greeley, Colorado.
JBS office in Greeley, Colorado.

JBS is a global producer and processor of beef, chicken and pork, and other meat products. JBS was established in 1953 and is based in São Paulo, Brazil.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-13 Plumrose USA

Downers Grove, Illinois, United States

Plumrose USA, Inc. is a provider of delicious, high quality, safe meat products throughout the United States.

Buy $230M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-19 Vivera

Holten, Netherlands

Vivera develops and produces a broad range of innovative plant-based meat replacement products for major retailers in over 25 countries across Europe, with relevant market share in the Netherlands, the United Kingdom, and Germany. Vivera was founded in 1990 and is based in Holten, Netherlands.

Buy €341M
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