Pilgrim’s Pride/Kerry Foods (Meat and ready meals businesses)
Transaction details
The proposed acquisition by Pilgrim’s Pride Corporation of the meat business and ready meals business of Kerry Foods has been cleared by the Competition and Consumer Protection Commission.
Case details
- Notification date:2 August 2021
- Publication date:2 August 2021
- Economic sector:Manufacturing - C
- Economic sub-sector:Manufacture of food products - C.10
- Outcome:Cleared
Documents
M.21.041 Merger AnnouncementPDF | 243 KBM.21.041 Merger Announcement PDF | 243 KB - Opens in new window
M.21.041 DeterminationPDF | 393 KBM.21.041 Determination PDF | 393 KB - Opens in new window
Timetable
Parties Involved
Pilgrim's Pride Corporation
Pilgrim's Pride Corporation is majority-owned by JBS, a Brazilian multinational meat processing company with more than 150 plants in 15 countries. JBS is primarily active in the State through the following JBS subsidiaries: (i) Moy Park; and (ii) Pilgrim’s UK.
Kerry Foods
Kerry Group plc is a food manufacturer headquartered in Tralee, Co. Kerry and is quoted on the London and Euronext Dublin stock exchanges.
Kerry Foods refers to Kerry Group plc’s consumer foods division spread across a number of different companies within Kerry, which manufactures a variety of chilled and frozen food products primarily for retail customers in the State and in the UK.
Contacts
- Cathal Hanley cathalhanley@ccpc.ie
- Tiernan Shaw tiernanshaw@ccpc.ie
