Brazil-based JBS SA is selling Moy Park, whose sales account for approximately 25 percent of the chicken consumed in Western Europe, to its U.S. subsidiary Pilgrim’s Pride Corp. for $1 billion. Moy Park will continue to be based in Craigavon, Northern Ireland, with senior management remaining in place. JBS has controlled Pilgrim’s Pride since 2009.
Pilgrim’s Pride to buy one of the UK’s top 10 food companies
Moy Park purchase approved.
Sep 12, 2017