M&A Deal Summary

Pilgrim s Pride Acquires Conagra Brands - Chicken Processing Business

On November 24, 2003, Pilgrim s Pride acquired food company Conagra Brands - Chicken Processing Business from Conagra Brands for 545M USD

Acquisition Highlights
  • This is Pilgrim s Pride’s 2nd transaction in the Food sector.
  • This is Pilgrim s Pride’s 4th largest (disclosed) transaction.
  • This is Pilgrim s Pride’s 2nd transaction in the United States.
  • This is Pilgrim s Pride’s 1st transaction in Illinois.

M&A Deal Summary
Date 2003-11-24
Target Conagra Brands - Chicken Processing Business
Sector Food
Buyer(s) Pilgrim s Pride
Sellers(s) Conagra Brands
Deal Type Divestiture
Deal Value 545M USD

Target

Conagra Brands - Chicken Processing Business

Chicago, Illinois, United States
Conagra Brands, Inc. - Chicken Processing Business is a provider of chicken products in US.

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Buyer(S) 1

Buyer

Pilgrim s Pride

Greeley, Colorado, United States
Category Company
Founded 1946
Sector Food
Employees61,600
Revenue 17.4B USD (2023)
DESCRIPTION

Pilgrim's Pride produces healthy, high-quality food products that go into some of the world's finest recipes. Pilgrim's Pride was founded in 1946 and is based in Greeley, Colorado

DEAL STATS #
Overall 2 of 7
Sector (Food) 2 of 7
Type (Divestiture) 1 of 4
State (Illinois) 1 of 1
Country (United States) 2 of 4
Year (2003) 1 of 1
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-28 WLR Foods

Timberville, Virginia, United States

WLR Foods, Inc. a Virginia based producer of high-quality turkey and chicken products.

Buy $240M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-04 Gold Kist

Atlanta, Georgia, United States

Gold Kist operates a fully integrated chicken production business that includes live production, processing, marketing and distribution. Gold Kist's operations include nine divisions located in Alabama, Florida, Georgia, North Carolina and South Carolina.

Buy $1.2B

Seller(S) 1

SELLER

Conagra Brands

Chicago, Illinois, United States
Category Company
Founded 1919
Sector Food
Employees18,500
Revenue 12.1B USD (2024)
DESCRIPTION
Conagra's office in Omaha, Nebraska.
Conagra's office in Omaha, Nebraska.

Conagra Brands is a packaged food company with branded and private branded food products. In addition to serving consumer households, ConAgra also offers food products to commercial food customers including restaurants and food service companies. Conagra Brands was founded in 1919 and is based in Chicago, Illinois.

DEAL STATS #
Overall 2 of 18
Sector (Food) 1 of 14
Type (Divestiture) 2 of 18
State (Illinois) 1 of 2
Country (United States) 2 of 18
Year (2003) 2 of 2
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-24 Enterprise

Dallas, United States

Enterprise, Inc. is a distributor of plant supplies to ConAgra's food processing operations, as well as to other food processors across the country. Enterprise, headquartered in Dallas, also has locations in Greeley, Cob., St. Joseph, Mo. and Atlanta.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Casa de Oro Foods

Omaha, Nebraska, United States

Casa de Oro Foods LLC is a manufacturer of flour tortillas for food service customers in the rapidly growing Mexican food segment.

Sell -
Mergr

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