Pilgrim's Pride completes $1.1 billion acquisition of Gold Kist

By Lisa Kerner

Charlotte, N.C., Jan. 9 - Pilgrim's Pride Corp. said it completed its $1.1 billion acquisition of Gold Kist Inc.

Gold Kist, now a wholly owned subsidiary of Pilgrim's Pride, entered into a definitive merger agreement with the Pittsburg, Texas, chicken producer on Dec. 3.

"We believe the acquisition of Gold Kist will be a transforming event for Pilgrim's Pride, not only by creating the industry leader but by making us a stronger and even more efficient company," president and chief executive officer O.B. Goolsby Jr. said in a news release.

"The integration process is already well under way and we are committed to ensuring a smooth transition of ownership and integration for our customers."

Gold Kist is a poultry processor based in Atlanta.

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