What is Pilgrim's?
Pilgrims Pride Corporation, headquartered in Greeley, Colorado, is a prominent entity engaged in the comprehensive production, processing, marketing, and distribution of chicken products. Its offerings span fresh, frozen, and value-added chicken, catering to a diverse clientele including retailers, distributors, and foodservice operators across the United States, Mexico, and Puerto Rico. The company's product portfolio encompasses whole chickens, case-ready parts, marinated items, and prepared chicken products such as fillets, nuggets, and patties. Pilgrim's Pride Corporation, established in 1946, operates as a subsidiary of JBS, a global leader in the food industry. The company's extensive reach also includes exporting its products to international markets like Mexico, the Middle East, Asia, and the Commonwealth of Independent States.
How much funding has Pilgrim's raised?
Pilgrim's has raised a total of $133M across 2 funding rounds:
Stock Offering
$132M
Other Financing Round
$1M
Stock Issuance/Offering (2004): $132M, investors not publicly disclosed
Other Financing Round (2021): $1M, investors not publicly disclosed
What's next for Pilgrim's?
The recent major strategic investment signals a pivotal moment for Pilgrim's, likely enabling further expansion of its operational capabilities and market penetration. This financing round, part of its substantial overall capital, suggests a focus on scaling its established business model and potentially exploring new product innovations or market segments. The company's position as a subsidiary of JBS provides a robust foundation for leveraging this new backing to enhance its competitive edge in the dynamic food production industry.
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