Although it reported a net loss during its first quarter ended March 28, 2010, poultry giant Pilgrim's Pride Corp., Pittsburg, Texas, believes in a brighter future.
Pilgrim's Pride Corporation said it plans to close its corporate headquarters building in Pittsburg, Texas, as well as a satellite corporate office in Atlanta as part of its continued integration with JBS USA.
Now that it has exited bankruptcy, chicken processing giant Pilgrim's Pride Corp. plans to eliminate about 230 corporate and administrative positions during the first phase of its integration with Brazilian meat company JBS SA.
Poultry giant Pilgrim's Pride Corporation, Pittsburg, Texas, said the company and six of its subsidiaries emerged from Chapter 11 bankruptcy protection after a 13-month restructuring.
Meat processing giant JBS S.A., Sao Paolo, Brazil, said today that it received U.S. Dept. of Justice approval to acquire Pilgrim's Pride Corp., Pittsburg, Texas.
Poultry giant Pilgrim's Pride Corporation, Pittsburg, Texas, and several of its subsidiaries will file a joint plan of reorganization and disclosure statement under Chapter 11 of the Bankruptcy Code.
A Wall Street Journal article says Brazilian processor JBS SA, parent company of JBS Swift, is about to pay $2 billion to acquire poultry giant Pilgrim’s Pride Corp.
Despite national economic woes, food and beverage processors are moving ahead with more than 70 capital projects involving production plants and distribution centers.