Pilgrim's Pride to acquire the consumer foods' meats and meals business of Kerry Group for €819m.

Pilgrim's Pride, a global food company, agreed to acquire the consumer foods' meats and meals business of Kerry Group, a public food company headquartered in Ireland, for €819m ($990m). "We are pleased to have the opportunity to position Pilgrim's as a leading prepared foods and branded products player through this acquisition. We look forward to welcoming Kerry Consumer Foods' Meats and Meals business' talented management team and other team members, led by Nick Robinson, to the Pilgrim's family, and we look forward to working together to drive growth and deliver value for all of our stakeholders," Fabio Sandri, Pilgrim's CEO.