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Commission approves Tyson de Mexico sale to Pilgrim’s Pride

Mexico’s Federal Economic Competition Commission approved the sale of Tyson Foods, Inc.’s Mexican poultry business 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.

KEYWORDS: mergers and acquisitions

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Jeremy Gerrard was Food Engineering's Digital/Online Editor. He is a graduate of Auburn University with a degree in journalism. His previous work experience includes years spent as a reporter with the Daily Local News out of Chester County, PA. In addition to writing feature articles for Food Engineering, Jeremy covered the Dry Processing, Field Reports and People and Industry news sections.