Big U.S. poultry processor buys organic-chicken rival

Pilgrim’s Pride, a U.S. subsidiary of Brazilian meatpacking giant JBS, will expand its organic and antibiotic-free chicken production capacity by buying GNP Co. for $350 million in cash, said the Denver Post. GNP, based in St. Cloud, Minn, produces organic and antibiotic-free chicken. Pilgram’s Price is the second-largest U.S. poultry processor. The deal, expected to… » Read More

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