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Kerry sells meat business to JBS-owned Pilgrim’s Pride

Taste and nutrition partners for the food, beverage and pharmaceutical industries, Kerry Group has announced an agreement to sell its Consumer Foods’ Meats and Meals business in the UK and Ireland to Pilgrim’s Pride Corporation for a cash consideration of €819 million subject to routine closing adjustments. Pilgrim’s Pride is 80% owned by the world’s largest meatpacker, JBS.