Posts tagged "Pilgrim’s Pride"

Chicken suppliers fall amid allegations of collusion

[31 January/ CNBC] Two major foodservice distributors in the US, US Foods and Sysco, have launched separate lawsuits against a range of poultry producers, including Tyson Foods, Pilgrim’s Pride and Sanderson Farms, alleging that the companies have colluded to manipulate wholesale chicken prices.  The lawsuits argue that the companies have artificially limited supplies and inflated...

Chicken Processor Pilgrim’s Pride buys poultry supplier for $1 billion

 [11 September/ CNBC] Pilgrim’s Pride agreed to pay JBS SA USD1 billion for British subsidiary Moy Park. This helps JBS SA retain a valuable asset amid a growing scandal. JBS, the number one meat packer globally, was investigated for corruption surrounding controlling shareholders Wesley and Joesley Batista. Pilgrim’s Pride said the purchase of Moy Park...