Pilgrim's Pride

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Focus: Battle against antimicrobial resistance

The use of antibiotics in the rearing of animals has been a much discussed issue in recent weeks, with regulatory and corporate moves across...

Comment: Act now to cut antibiotics in meat

All signs are pointing to a growing public awareness of – and concern about – the use of human antibiotics in animals that will subsequently...

Dean Best | 21 Nov 2014

Brazil-based JBS is already the world's largest meat supplier but it has its sights on growing further in value-added products and in Asia - and has turned to a business in Australia to help it achieve that goal.

Katy Askew | 10 Jun 2014

Tyson Foods has won through in the bidding war to acquire Hillshire Brands with an improved US$63 per share offer for the for the Jimmy Dean maker. But, at 16.7x EBITDA, is the lofty price of US$8.55bn overly inflated? Katy Askew investigates.

Katy Askew | 2 Jun 2014

The dramatic M&A battle being played out in the US protein space comes as fresh evidence that food companies are willing to pay top-dollar for quality businesses in a consolidating sector.

Katy Askew | 29 May 2014

Tyson Foods entered fray today (29 May) when it issued a fresh bid for Hillshire Brands, trumping an earlier offer from Pilgrim's Pride. Like Pilgrim's, Tyson stressed the strategic merits of taking control of the Jimmy Dean-to-State Fair manufacturer. Tyson is clearly prepared to pay a premium price for Hillshire - but will another bid be forthcoming? Katy Askew reports.

Latest News

Katy Askew | 12 May 2016

JBS, the Brazilian meat group, reported lower first quarter earnings due to margin pressure at the group's US chicken and beef businesses. 

Hannah Abdulla | 28 Apr 2016

First-quarter sales and profits at Pilgrim's Pride, the US poultry processor, have fallen. 

Katy Askew | 16 Feb 2016

Pilgrim's Pride today (16 February) announced a capital investment programme of US$190m to grow its brands. 

Hannah Abdulla | 11 Feb 2016

Pilgrim's Pride has blamed export market challenges and commodity issues for a fall in full-year sales and profits.

Hannah Abdulla | 12 Nov 2015

Meat processor JBS has posted an increase in third-quarter profits and sales despite weakness in its US market.

Hannah Abdulla | 29 Oct 2015

Higher charges and a negative impact on foreign currency translation have weighed heavy on Pilgrim's Pride's bottom line during the third quarter of its financial year.

Katy Askew | 13 Aug 2015

The US Department of Agriculture has calmed fears over the outlook for feed prices, prompting shares in protein groups such as Pilgrim's Pride and Sanderson Farms to rise.

Hannah Abdulla | 31 Jul 2015

The results announced this week included improving sales and profits at Yakult, better earnings but lower sales at US poultry group Pilgrim's Pride and growth at Mexican dairy processor Grupo Lala.

Hannah Abdulla | 30 Apr 2015

Rising demand for protein has led to a jump in profits for Pilgrim's Pride for the first quarter of the year.

Hannah Abdulla | 24 Apr 2015

This week, Associated British Foods reported its annual results and revealed it struggled with competition in the UK and Australian bakery sectors. US consumer goods rookie acquired Birds Eye owner Iglo Group. Hershey had its first quarter results out which demonstrated troubles in uptake of chocolate in China. And Blue Bell announced it was pulling all its products off US shelves after fresh tests found more listeria-ridden products. Here is the week in quotes.

Dean Best | 22 Apr 2015

US poultry processor Pilgrim's Pride plans to remove all antibiotics from 25% of its chicken production by 2019.

Katy Askew | 12 Mar 2015

Brazil-based meat giant JBS attributed a jump in 2014 sales and earnings to its transformation drive, which has aimed to turn the company into a "multinational of Brazilian origin".

Hannah Abdulla | 12 Feb 2015

US poultry processor, Pilgrim's Pride, has reported a profit jump for the full year

Dean Best | 15 Dec 2014

The takeover battles for Chiquita Brands International and for Hillshire Brands were among the stories that grabbed your interest in 2014.

Katy Askew | 30 Oct 2014

US chicken group Pilgrim's Pride has booked an increase in earnings for the first nine months of the year, boosted by higher sales and margins.

Dean Best | 14 Aug 2014

US food group Hillshire Brands, set to be taken over by meat giant Tyson Foods, has reported a year of increasing sales and profits.

Dean Best | 31 Jul 2014

US poultry processor Pilgrim's Pride has reported higher half-year profits as a lower cost of sales helped offset a dip in sales.

Dean Best | 28 Jul 2014

Tyson Foods has struck a deal to sell its operations in Mexico and Brazil to meat processing rival JBS.

Katy Askew | 2 Jul 2014

Tyson Foods and Hillshire Brands today (2 July) entered into a "definitive" agreement that will see the US meat processor acquire the maker of Jimmy Dean sausages for US$8.55bn.

Katy Askew | 1 Jul 2014

Pinnacle Foods plans to use the break-up fee it will receive from the termination of its proposed agreement to be sold to Hillshire Brands to lower its debts.

Dean Best | 17 Jun 2014

US poultry processor Pilgrim's Pride has confirmed it is still looking to make acquisitions after pulling out of the race to buy Jimmy Dean sausage maker Hillshire Brands.

Katy Askew | 9 Jun 2014

Tyson Foods has confirmed that, following the conclusion of a competitive bidding process, it has submitted a US$8.55bn binding offer to acquire Hillshire Brands.

Katy Askew | 9 Jun 2014

Tyson Foods has reportedly raised its bid for Hillshire Brands, outbidding rival Pilgrim's Pride in the battle to take control of the Jimmy Dean maker.

Hannah Abdulla | 6 Jun 2014

Several major deals were struck this week including ABF's buy of Dorset Cereals and Cloetta's acquisition of Aran. Pilgrim's Pride upped its bid for Hillshire Brands. Elsewhere Cloetta has been accused of using "sneaky" marketing tactics to sell its sugary Chewits product. Mondelez on the other hand pulled its Bar and a Half product in a bid to reduce per person calorie intake.

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