Kerry Completes Sale Of Food And Meals Business To Pilgrim's

RTTNews
Sep. 27, 2021, 03:56 AM

(RTTNews) - Kerry Group Plc (KYGA.L), a global taste nutrition company, on Monday said it completed the sale of its Consumer Foods' Meats and Meals business to Pilgrim's Pride Corporation (PPC), an operator of protein processing plants and prepared-foods facilities, for 819 million euros, with a transition of 4,500 employees to Pilgrim's.

The Irish company, Kerry is a taste and nutrition partner for the food, beverage, and pharmaceutical industries with a global RD&A team of over 1,000 food scientists and local manufacturing footprint in 31 countries, catering the customers across over 150 countries. Kerry aims to reach over two billion consumers with sustainable nutrition solutions by 2030.

Greeley-headquartered Pilgrim employs approximately 59,200 people and operates protein processing plants and prepared-foods facilities in the U.S., Puerto Rico, Mexico, the UK, and continental Europe.

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