Pilgrim’s Pride Corporation engages in the production, processing, marketing and distribution of fresh, frozen and value-added chicken products to retailers, distributors and foodservice operators. Pilgrim’s Pride Corporation operates as a subsidiary of JBS USA Holdings, Inc. The company operates feed mills, hatcheries, processing plants and distribution centers in 12 U.S. states, Puerto Rico and Mexico. The company has the capacity to process approximately 34.7 million birds per week for a total of 10.2 billion pounds of live chicken annually. Products and Markets The company’s primary product types are fresh chicken products, prepared chicken products and value-added export chicken products. The company sells its fresh chicken products to the foodservice and retail markets. The company’s fresh chicken products consist of refrigerated (nonfrozen) whole or cut-up chicken, either pre-marinated or non-marinated and prepackaged case-ready chicken. Its case-ready chicken includes various combinations of freshly refrigerated, whole chickens and chicken parts in trays, bags or other consumer packs labeled and priced ready for the retail grocer’s fresh meat counter. The company also sells prepared chicken products, including portion-controlled breast fillets, tenderloins and strips, delicatessen products, salads, formed nuggets and patties and bone-in chicken parts. These products are sold either refrigerated or frozen and might be fully cooked, partially cooked or raw. In addition, these products are breaded or non-breaded and either pre-marinated or non-marinated. Value-added export and other chicken products primarily consist of whole chickens and chicken parts sold either refrigerated for distributors in the U.S. or frozen for distribution to export markets. The company sells U.S.-produced chicken products for export to Mexico, the Middle East, Asia, countries within the Commonwealth of Independent States (the CIS) and other world markets. The company’s primary customer markets consist of the foodservice and retail channels, as well as selected export and other markets. Its foodservice market principally consists of chain restaurants, food processors, broad-line distributors and certain other institutions located throughout the continental U.S. Within this market, the company services frozen, fresh, and corporate accounts. Fresh and frozen chicken products are usually pre-cut to customer specifications and are often marinated to enhance value and product differentiation. Corporate accounts include further-processed and value-added products supplied to select foodservice customers. The company’s retail market consists primarily of grocery store chains, wholesale clubs and other retail distributors. Its retail market products consist primarily of branded, prepackaged cut-up and whole chicken and chicken parts. Its consumer products are marketed under the Gold Kist, County Post, Pierce Chicken, Pilgrim’s Pride and Pilgrim’s brands. The company’s export and other chicken market consists primarily of customers who purchase for distribution in the U.S. or for export to Mexico, the Middle East, Asia, countries within the CIS and other world markets. The company’s value-added export and other chicken products, with the exception of its exported prepared chicken products, consist of whole chickens and chicken parts sold in bulk, or value-added form, either refrigerated or frozen. Markets The company sells chicken products primarily to wholesalers, large restaurant chains, fast food accounts and supermarket chains, and also engages in direct retail distribution in selected markets. Customers The company’s sales efforts are largely targeted towards the foodservice industry, principally chain restaurants and food processors, such as Chick-fil-A and Yum! Brands; distributors such as US Foods and Sysco; and retail customers, including grocery store chains and wholesale clubs such as Kroger, Wal-Mart, Costco, Publix and Sam’s Club. Regulations The company’s chicken processing facilities in the U.S. are subject to on-site examination, inspection and regulation by the U.S. Department of Agriculture (USDA). Its Mexican food processing facilities and feed mills are subject to on-site examination, inspection and regulation by a Mexican governmental agency that performs functions similar to those performed by the USDA and the Food and Drug Administration. The company’s operations are subject to extensive regulation by the Environmental Protection Agency (EPA) and other state and local authorities relating to handling and discharge of waste water, storm water, air emissions, treatment, storage and disposal of wastes, handling of hazardous substances and remediation of contaminated soil, surface water and groundwater. The company’s Mexican operations also are subject to extensive regulation by Mexican environmental authorities. History Pilgrim’s Pride Corporation was founded in 1946.
pilgrim's pride corp (PPC:NASDAQ GS)
1770 Promontory Circle
Greeley, CO 80634
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