Pilgrim's Pride has been a leader in the poultry industry for decades, with a rich history that spans over 50 years. The company was founded in 1946 by two brothers, Lonnie and David Haney, in Mount Pleasant, Texas.
Pilgrim's Pride has made significant strides in expanding its operations, with a current presence in 17 countries and over 38,000 employees worldwide. The company's dedication to innovation and quality has enabled it to become one of the largest poultry producers in the world.
In 2011, Pilgrim's Pride was acquired by JBS S.A., a Brazilian-based company, marking a significant milestone in the company's history. This acquisition has allowed Pilgrim's Pride to access new markets and expand its global reach.
Pilgrim's Pride has a strong commitment to sustainability, with a goal of reducing its greenhouse gas emissions by 30% by 2030.
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Pilgrim's Pride Acquisition
In 2009, JBS USA Holdings, Inc. purchased 64% of Pilgrim's Pride's shares, with JBS USA being a subsidiary of the Brazilian multinational JBS S.A.
Intriguing read: JBS S.A.
JBS S.A. is the largest meat processor in the world and also the largest by revenue.
As a result of the acquisition, Pilgrim's Pride closed its corporate offices in Texas and Georgia.
The company moved its headquarters to Greeley, Colorado, which led to the closure of its former headquarters in Pittsburg, Texas, and a nearby location in Mt. Pleasant, Texas, resulting in a total of 160 job losses.
Other locations that lost jobs included sites in Atlanta, Dallas, and Broadway, Virginia.
Financial Performance
Pilgrim's Pride has a strong financial performance, with net sales reaching $7.4 billion in 2020.
The company's revenue has been steadily increasing over the years, with a compound annual growth rate (CAGR) of 6.5%.
Pilgrim's Pride operates in 13 countries and has a diverse customer base, including major restaurant chains and retailers.
The company's focus on chicken products has helped it maintain a leading market position in the US chicken industry.
In 2020, Pilgrim's Pride's operating income was $433 million, a significant increase from $343 million in 2019.
The company's financial performance has been driven by its ability to maintain low costs and high production volumes.
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Frequently Asked Questions
What brands does Pilgrim's Pride own?
Pilgrim's Pride owns several brands, including Just Bare, Gold'n Plump, Gold Kist, Pierce Chicken, To-Rico's, Del Dia, and Alamesa, among others. These brands offer a range of chicken products, from nuggets to whole chickens.
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