Purchased By JBS S.A.
On September 17, 2009 was announced the purchase of 64% of the shares of Pilgrim's Pride by JBS USA Holdings, Inc., a subsidiary of Brazilian multinational JBS S.A. the largest meat processor in the world and the largest by revenue. Currently Jbs owns 75% of the company.
As a result, Pilgrim's Pride closed its corporate offices in Texas and Georgia and moved its headquarters to Greeley, Colorado. About 160 of the cuts occurred at the headquarters in Pittsburg, Texas and at a location in nearby Mt. Pleasant, Texas. Other positions losing jobs included sites in Atlanta, Dallas, and Broadway, Virginia.
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“Nothing has been purchased more dearly than the little bit of reason and sense of freedom which now constitutes our pride.”
—Friedrich Nietzsche (1844–1900)