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...


JBS sees big opportunity from Primo Smallgoods

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.


Focus: Tyson pays the piper to secure Hillshire

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.


Comment: US food sector sees rising valuations

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.


Focus: Tyson raises stakes in bid for Hillshire

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

Protein demand boosts Pilgrim's Pride Q1 profit

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.


Food industry quotes of week: ABF, Hershey, Iglo

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.


Pilgrim's Pride makes antibiotic-free pledge

Dean Best | 22 Apr 2015

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


JBS sees benefits of transformation in 2014

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".


Pilgrims Pride records FY profit rise

Hannah Abdulla | 12 Feb 2015

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


2014's most-read news stories on just-food

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.


Pilgrim's Pride earnings rise on margin growth

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.


Hillshire posts strong results ahead of sale

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.


Cost control helps Pilgrim's Pride 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.


Tyson sells Mexico, Brazil ops to JBS

Dean Best | 28 Jul 2014

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


Tyson, Hillshire confirm takeover

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.


Pinnacle to cut debt with Hillshire break fee

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.


Pilgrim's Pride still keen on M&A

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.


Tyson unveils US$8.55bn Hillshire deal

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.


Tyson "outbids Pilgrims" in battle for Hillshire

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.


Quote, unquote: just-food's week in words

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.


Hillshire confirms higher bid from Pilgrim's Pride

Hannah Abdulla | 3 Jun 2014

Hillshire Brands has confirmed Pilgrim's Pride has increased its takeover bid for the US food group.


Pilgrim's Pride reportedly ups offer for Hillshire

Hannah Abdulla | 3 Jun 2014

Pilgrim's Pride is reportedly upping its offer for the acquisition of Hillshire Brands to US$55 a share.


Editor's choice: highlights on just-food this week

Dean Best | 2 Jun 2014

US meats group Hillshire Brands has this week turned from hunter to hunted. With its offer for Pinnacle Foods on the table, the Jimmy Dean sausages maker is the subject of two takeover bids from JBS-backed Pilgrim's Pride and then Tyson Foods, looking to boost their meat empires with higher-margin products. Elsewhere, Sweden-based confectioner Cloetta snapped up Ireland's The Jelly Bean Factory, Nestle and Fonterra revamped their venture in South America and R&R Ice Cream bought Australia's Peters Food Group.


Quote, unquote: just-food's week in words

Hannah Abdulla | 30 May 2014

Hitting headlines this week was the bidding war for Hillshire Brands which saw Tyson Foods and Pilgrim's Pride both go head to head. Elsewhere, Peters Food Group was acquired by R&R Ice Cream, while Nestle and Fonterra issued a statement saying they were scaling back their Latin American partnership. Also this week, Synlait Milk announced it was revising its 2014 earnings outlook and Danish Crown announced 190 jobs would go as it chose to close its Bornholm slaughterhouse.


Tyson enters Hillshire Brands race with $6.8bn bid

Dean Best | 29 May 2014

Tyson Foods, the US meat giant, today (29 May) tabled a US$6.8bn takeover bid for Hillshire Brands, trumping an offer from poultry processing rival Pilgrim's Pride.


Hillshire Brands to study Pilgrim's Pride bid

Dean Best | 28 May 2014

Hillshire Brands will review a US$6.4bn takeover bid from Pilgrim's Pride - although the company has talked up its own offer for a third US group, Pinnacle Foods.


Pilgrim's Pride offers $6.4bn for Hillshire

Katy Askew | 27 May 2014

US chicken group Pilgrim's Pride is looking to beef up its portfolio through an offer to acquire Hillshire Brands for US$6.4bn.


Pilgrim's Pride Q1 profits up despite sales dip

Hannah Abdulla | 1 May 2014

US chicken processor Pilgrim's Pride has seen profits grow despite a drop in sales for the first quarter of 2014.

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