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. The company offers a range of products to its customers through national and international distribution channels. The company’s fresh chicken products consist of refrigerated (non-frozen) whole chickens, whole cut-up chickens and selected chicken parts that are either marinated or non-marinated. The company's prepared chicken products include fully cooked, ready-to-cook and individually frozen chicken parts, strips, nuggets and patties, some of which are either breaded or non-breaded and either marinated or non-marinated. The company markets its portfolio of fresh, prepared and value-added chicken products to a set of approximately 5,000 customers across the U.S., Mexico and in approximately 90 other countries. The company’s sales efforts are primarily 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, Albertsons, H-E-B, and Sam’s Club. The company operates feed mills, hatcheries, processing plants and distribution centers in 12 U.S. states, Puerto Rico and Mexico. The company has a global network of approximately 4,130 growers; 35 feed mills; 40 hatcheries; 30 processing plants; 6 prepared foods cook plants; 23 distribution centers; 8 rendering facilities; and 3 pet food plants. In June 2015, the company acquired 100% of the equity of Provemex Holding LLC and its subsidiaries (together, ‘Tyson Mexico’). Tyson Mexico is a vertically integrated poultry business based in Gomez Palacio, Durango, Mexico. 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. 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. 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 the 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. The company’s 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 marinated to improve 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. The company’s retail market products consist primarily of branded, prepackaged cut-up and whole chicken and chicken parts. The company utilizes various advertising and marketing techniques to develop and strengthen trade and consumer awareness and increase brand loyalty for consumer pro
pilgrim's pride corp (PPC:NASDAQ GS)
1770 Promontory Circle
Greeley, CO 80634
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