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Pilgrim's Pride Corporation Recalls Chicken Breast Nugget Products
Pilgrim’s Pride Corporation, a Waco, Texas establishment, is recalling approximately 59,800 pounds of fully cooked chicken breast nugget products that may be contaminated with extraneous materials, specifically flexible rubber material, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.
The frozen ready-to-eat (RTE) chicken breast nugget items were produced on May 6, 2020. The following products are subject to recall...
Pilgrim’s Publishes 2019 Sustainability Achievements and Advancement Toward 2020 Goals
Pilgrim’s Pride today announced the release of its 2019 Sustainability Report and progress toward 2020 sustainability goals. The report transparently details the company’s progress in the key priority areas of team member health and safety, product integrity, animal welfare, water and energy across its operations in the UK, Continental Europe, Mexico, Puerto Rico and the United States.
“The Pilgrim’s global team is driven by our passion to sustainably produce food that positively impacts the lives of our team members, grower partners, customers, shareholders and society,” said Jayson Penn, President and CEO, Pilgrim’s. “We are focused on doing things the right way and creating...
Pilgrim’s Pride Reports Q1 2020 Results
Pilgrim’s Pride Corporation reports first quarter 2020 financial results.
First Quarter Highlights
Pilgrim's Pride Reports Fourth Quarter and Year-End Financial Results
Pilgrim’s Pride Corporation reports fourth quarter and year-end 2019 financial results.
Pilgrim's Pride Reports Third Quarter Results
Pilgrim’s Pride Corporation reports third quarter 2019 financial results.
Third Quarter Highlights
Pilgrim’s to Acquire Tulip Limited, Creating Integrated Prepared Foods Leader in Europe
Pilgrim’s Pride Corporation today announced that it has signed a contract to acquire Tulip Limited, a leading, integrated prepared foods supplier with 12 fresh and value-added operations in the United Kingdom, from Danish Crown. The transaction solidifies Pilgrim’s as a leading European food company, creating one of the largest integrated prepared foods businesses in the UK with a portfolio of brands and retail private label solutions.
The transaction, unanimously approved by Pilgrim’s Board of Directors and funded with cash on hand, values Tulip Limited at £290 million (or approximately $354 million based on a 1.22 exchange rate as of August 27, 2019). The purchase amount represents 5.4x implied expected EBITDA.
“We are pleased to strengthen our European foods platform with the acquisition of Tulip Limited, which positions Pilgrim’s as a leading global prepared foods player,” said Jayson Penn, Pilgrim’s global chief executive officer. “The transaction represents...
Pilgrim’s Releases 2018 Sustainability Report
Pilgrim’s Pride Corporation (Nasdaq: PPC) today announced the release of its 2018 Sustainability Report. The interactive digital report provides a comprehensive overview of the company’s recent achievements and progress toward 2020 sustainability goals.
“Our 2018 Pilgrim’s Sustainability Report shares the ways our 55,000 team members and more than 5,400 family farm partners are contributing to environmental, social and economic progress in the U.S., Puerto Rico, Mexico and Europe,” said Pilgrim’s Global President and CEO Jayson Penn. “We are committed to improving the lives of families around the world through high-quality, sustainable food solutions and are focused on long-term success for our business and our stakeholders.”
The 2018 report transparently details Pilgrim’s achievements related to team members, customers and...
Pilgrim's Pride Reports Second Quarter Results
Pilgrim’s Pride Corporation (NASDAQ: PPC) reports second quarter 2019 financial results.
Second Quarter Highlights
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