Pilgrim's Europe has agreed to acquire UK firm Walkers Deli & Sausage Company from Samworth Brothers.
In a statement yesterday (17 August), Pilgrim's Europe, a part of the Pilgrim's Pride business that is majority owned by Brazilian meat giant JBS, described the deal as an "important strategic step".
Pilgrim's Pride, in a separate SEC filing, said its subsidiary Onix Investments UK struck a share purchase agreement to acquire Walkers.
The total consideration is around £141.5m ($191.4m) on a "debt-free, cash-free basis", subject to adjustments, according to the filing.
The deal extends an established relationship between the companies, with Pilgrim's already supplying Walkers with pork.
#sausage
In a statement yesterday (17 August), Pilgrim's Europe, a part of the Pilgrim's Pride business that is majority owned by Brazilian meat giant JBS, described the deal as an "important strategic step".
Pilgrim's Pride, in a separate SEC filing, said its subsidiary Onix Investments UK struck a share purchase agreement to acquire Walkers.
The total consideration is around £141.5m ($191.4m) on a "debt-free, cash-free basis", subject to adjustments, according to the filing.
The deal extends an established relationship between the companies, with Pilgrim's already supplying Walkers with pork.
#sausage
24 days ago
