PILGRIMS PRIDE CORP (PPC) Form 8-K — Aug 17, 2026
Pilgrim's Pride has agreed to acquire Walkers Deli & Sausage Company from Samworth Brothers for approximately £141.5 million in cash on a debt-free, cash-free basis, executed through its subsidiary Onix Investments UK Limited under a Share Purchase Agreement signed August 14, 2026. Walkers is one of the UK's most established premium pork producers with heritage dating to 1824, operating four production facilities on a single Leicester site with roughly 1,150 employees. Pilgrim's already supplies some of Walkers' raw pork, and the deal expands its footprint in value-added premium categories including sausages, cooked meats, bacon, snacking products and pâté.
Key figures
- Deal Value Usd
- approximately £141.5 million (all cash, debt-free/cash-free basis)
- Deal Value GBP
- £141.5 million
- Expected Closing
- September 2026
- Target Employees
- 1150
- Payment Structure
- 100% cash at closing; no financing condition
- Pilgrims Europe Employees
- 17,000+
- Pilgrims Global Employees
- 63000
- Target Production Facilities
- 4
- Samworth Brothers Turnover GBP
- £1.8 billion
Price after filing
Close on the filing date to close N calendar days later (from $28.77). Historical, not a forecast.
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