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Pilgrim’s Pride Acquires U.K. Poultry Producer Moy Park for $1.3 Billion
- Client News
- September 11, 2017
Practices
Paul, Weiss represented a special committee of the Pilgrim’s Pride Corporation’s board of directors in its acquisition of Northern Ireland-based poultry and processed food producer Moy Park from Brazilian meat company JBS S.A. for an enterprise value of approximately $1.3 billion. The transaction was unanimously approved by the special committee of Pilgrim’s board of directors. Pilgrim’s Pride, the second-largest U.S. chicken producer, operates chicken processing plants and prepared-foods facilities in 14 states, Puerto Rico and Mexico. Moy Park is one of the U.K.'s top 10 food companies, Northern Ireland's largest private sector business and among Europe's leading poultry producers.
The Paul, Weiss team included, among others, corporate partners Scott Barshay, Steven Williams, Brian Lavin and Gregory Ezring; tax partner Jeffrey Samuels and counsel Alyssa Wolpin; and litigation counsel Peter Jaffe.