August 8, 2008

 

Pilgrim's Pride in joint venture with J.O.Y. Foods 
  
  

Pilgrim's Pride and J.O.Y. Foods have entered a joint venture to form Merit Provisions LLC to build a new plant supplying chicken products to fast food giant McDonald's.

 

The new joint venture will supply about 40 million pounds of chicken nuggets, patties and fillets to McDonald's each year. Pilgrim's Pride will own 49 percent of the venture stake while J.O.Y. Foods will own 51 percent.

 

The plant is in the planning stages but is scheduled to be operational by 2010.

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