Pilgrim’s Pride Eyes Acquisitions as Chicken Profits Surge
- CEO seeks expansion into prepared and branded food segments
- Increased chicken demand drives record second-quarter profits
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Pilgrim’s Pride Corp. is eyeing acquisitions to boost its growth as increased chicken demand drives profits to a record.
The producer, which is controlled by Brazilian meat empire JBS SA, is looking for alternatives to expand both geographically and further into the prepared and branded-food segments, according to Chief Executive Officer Fabio Sandri.