Commission approves Tyson de Mexico sale to Pilgrim’s Pride
According to Tyson, after some review the commission recently voted to allow the deal to proceed.
“We appreciate the attention and efforts of the Commission and will now move forward with Pilgrim's Pride to complete the deal,” said Donnie Smith, Tyson president and CEO.
Tyson Foods and Pilgrim's Pride reached a definitive agreement on the sale last July. The Mexican business, known as Tyson de Mexico, is a vertically integrated poultry business based in Gomez Palacio in North Central Mexico. It employs more than 5,400 people in its offices, three plants and seven distribution centers.
Tyson will continue to serve Mexican consumers after the sale through the supply of U.S.-produced chicken as well as chicken produced in Mexico, in part through a co-packaging arrangement with Pilgrim's Pride.
A closing date on the transaction has not been set.