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:
“The reputation of generosity is to be purchased pretty cheap; it does not depend so much upon a man’s general expense, as it does upon his giving handsomely where it is proper to give at all. A man, for instance, who should give a servant four shillings, would pass for covetous, while he who gave him a crown, would be reckoned generous; so that the difference of those two opposite characters, turns upon one shilling.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)