Pilgrim's Pride Corp. said Monday it has a deal to buy Tyson Foods Inc.'s poultry business in Mexico in a cash transaction valued at $400 million.
Greeley-based Pilgrim's Pride (Nasdaq: PPC) said the deal is subject to regulatory approval. It's expected to close by year's end.
Tyson de Mexico, based in Gomez Palacio in northern Mexico, operates three plants and seven distribution centers and employs some 5,400 workers, Pilgrim's said.
"Today's announcement demonstrates Pilgrim's continued commitment…