Pilgrims Pride Acquires GNP for $350 Million

Pilgrim's Pride Corp. will acquire GNP Co., a provider of premium branded chicken products in the Upper Midwest, for $350 million in cash. The addition of the GNP’s portfolio of Just BARE® Certified Organic and Natural/American Humane Certified™/No-Antibiotics-Ever (NAE) product lines to Pilgrim's existing NAE and organic production capabilities, further positions Pilgrim’s as a leading provider of high-quality products in the fastest-growing chicken segments.