Pilgrim’s Pride acquires Moy Park for £1bn

Moy Park has been sold to the US food firm Pilgrim’s Pride for £1bn. Headquartered in Craigavon, Moy Park is a top 10 food company in the UK and one of Northern Ireland’s biggest employers. It has been sold by Brazil’s JBS, which has recently been hit with scandal after its controlling shareholders Wesley and Joesley Batista admitted to bribing 1,893 politicians over the past decade. Pilgrim’s Pride is headquartered in Colorado and is one of the largest poultry producers in the world.

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