$354M transaction allows company to purchase Tulip Ltd. from Danish Crown
Pilgrim’s Pride Corp., the U.S. poultry supplier majority-owned by JBS, has signed a contract to acquire United Kingdom pork producer Tulip Limited from Danish Crown according to a report fromFarm Journal's Pork.
The U.S. $354-million transaction was unanimously approved by Pilgrim’s board of directors and funded with cash on hand.
Tulip is the largest pig producer in the UK, with 12 fresh and value-added operations in the UK, selling branded and own-label products to the country's retail chains, as well as supplying the foodservice channel.
US Corn Price Idx:ZCPAUS.CM
open: 7.3207
high: 7.3968
low: 7.274
close: 7.313
US Soybean Price Idx:ZSPAUS.CM
open: 15.6294
high: 15.7696
low: 15.5821
close: 15.7086
US Hard Red Winter Wheat Price Idx:KEPAUS.CM
open: 10.2661
high: 10.4286
low: 10.1018
close: 10.2729
US Soft Red Winter Wheat Price Idx:ZWPAUS.CM
open: 9.8201
high: 9.9876
low: 9.583
close: 9.7227
Copyright © 2022 WATT Global Media. Allmarket datais provided by Barchart Solutions. Futures: at least 10 minute delayed. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please seedisclaimer.
