Summary
Pilgrim’s Pride Corporation was founded in 1946 and produces, processes, and distributes fresh, frozen, and value-added chicken products to retailers, distributors, and food-service companies. It exports chicken products to about 120 countries, and operates a vertically integrated business model. This means that Pilgrim’s controls almost all of its business operations, from raising livestock to distribution of final products. The company is broken down into three segments: U.S., UK and Europe, and Mexico, with the U.S. segment being the largest in net sales. The company deals with poultry products in all segments, while it only deals with pork products in the UK. Its two largest customers contributed just over an eighth of revenue. Across 14 U.S. states, the UK, Puerto Rico, Mexico, and Europe, Pilgrim’s operates 39 production facilities and 27 prepared foods facilities. Pilgrim’
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