Pilgrim’s Pride is expanding its Cold Spring, Minn. plant in a move expected to increase jobs and give central Minnesota farmers a larger market for their chickens.
The $75-million expansion is expected to be complete in early 2021, adding 50,000 square feet to the existing processing plant.
Pilgrim’s, based in Colorado, said the added capacity could create up to 130 more jobs. It now employs 1,200 people at the plant.
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Pilgrim’s Pride Corporation announced the early tender results in connection with its previously announced offer to purchase for cash (the “Tender Offer”) any and all of the $1.0 billion aggregate principal amount of its 5.750% Senior Notes due 2025 (the “Notes”). …
Federal prosecutors indicted a second ex-CEO of Pilgrim’s Pride and five others from the poultry industry with criminal charges alleging they conspired to fix prices for wholesale chicken over several years. …
U.S. poultry company Pilgrim’s Pride Corp said on Wednesday it will pay a $ 110.5 million fine after striking a plea deal with the Justice Department over price-fixing charges on chicken products. …
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