PILGRIM’S PRIDE
June 1st, 2003
BY PHILIP FINE
TEXAS-BASED poultry giant, Pilgrim's Pride, is buying rival ConAgra Foods' chicken division. The acquisition, expected to be completed in the third quarter of this year, will double Pilgrim's annual sales to nearly US$5 billion (GBPounds 3.03 billion). The deal catapults Pilgrim from the third largest chicken producer in the US, to second, behind Tyson Foods.
ENDS
TEXAS-BASED poultry giant, Pilgrim's Pride, is buying rival ConAgra Foods' chicken division. The acquisition, expected to be completed in the third quarter of this year, will double Pilgrim's annual sales to nearly US$5 billion (GBPounds 3.03 billion). The deal catapults Pilgrim from the third largest chicken producer in the US, to second, behind Tyson Foods.
ENDS
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