Kerry Group’s UK and Ireland Consumer Foods Meats and Meals business has begun trading as Pilgrim’s Food Masters following the completion of its acquisition by US poultry producer Pilgrim’s Pride for €819m (£704m).
The sale was first announced on 17 June.
Pilgrim’s Food Masters will continue to produce convenience food solutions from its manufacturing sites in the UK and Ireland.
The Meats operation manufactures brands including Richmond, Denny, Galtee, Fridge Raiders, and Rollover in the UK and Ireland. It also makes private label products and meat-free lines.
Meanwhile, the Meals unit specialises in chilled and frozen ready meals, ready to cook ranges, and home delivery meals under its Oakhouse brand.
The two operations generated revenue of €828m last year.
Under the Pilgrim’s Food Masters banner, the group stated that will continue to innovate and help retailers unlock new opportunities to drive sales through its trusted brands and products.
Nick Robinson, CEO, Pilgrim’s Food Masters, will continue to lead the group’s 4,500-strong workforce across 11 sites in the UK and Ireland. The business will remain headquartered in the UK.
Robinson said: “This is the start of an exciting new chapter in our history as we join the Pilgrim’s family and we’re feeling confident and ambitious about what the future holds.
“We have a strong track record in delivering growth and as Pilgrim’s Food Masters we have the foundations of an already highly successful business. As one of the UK and Ireland’s leading food business, we remain committed to the communities and customers that we serve.
“I’d like to thank our valued customers, suppliers and partners for their ongoing support and trust in our business. As Pilgrim’s Food Masters, we will uphold our unwavering commitment to quality, service and value, and making a positive impact on the environment.”
Fabio Sandri, CEO, Pilgrim’s added: “We’re delighted to welcome new colleagues into the Pilgrim’s family who share our values and are passionate about sustainable growth. With a united vision to be the best and most respected company in our industry, we look forward to unleashing the expertise of the Pilgrim’s Food Masters team as they continue to innovate and create value in this exciting growth sector.”
