Pilgrim's Pride Announces Closure of GNP Company Acquisition

January 06, 2017 Greeley, Colorado (GLOBE NEWSWIRE) -- Pilgrim's Pride Corporation (Nasdaq:PPC) ("Pilgrim's") previously announced on November 29, 2016 its agreement to acquire GNP Company , a leading provider of premium branded chicken products in the Upper Midwest, in an all cash, $350 million transaction. The transaction, as described in the announcement, was completed on January 6, 2017.

About Pilgrim's Pride
Pilgrim's employs approximately 38,200 people and operates chicken processing plants and prepared-foods facilities in 12 states, Puerto Rico and Mexico. The Company's primary distribution is through retailers and foodservice distributors.  For more information, please visit www.pilgrims.com.