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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Famous quotes containing the word purchased:
“Life springs from death and from the graves of patriot men and women spring living nations.... They think that they have pacified Ireland. They think that they have purchased half of us and intimidated the other half. They think that they have foreseen everything, think they have provided against everything; but the fools, the fools, the fools, they have left us our Fenian dead, and while Ireland holds these graves Ireland unfree shall never be at peace.”
—Patrick Henry Pearse (1879–1916)