Pilgrim's Europe Agrees to Buy Walkers for £141.5 Million

Pilgrim's Europe, a subsidiary of the JBS-backed Pilgrim's Pride, has agreed to acquire Walkers Deli & Sausage Company from Samworth Brothers for approximately £141.5 million. The transaction, conducted via a share purchase agreement through Onix Investments UK, is intended to strengthen the buyer's integrated supply chain and expand its reach into premium pork categories across the United Kingdom.

Based in Leicester, Walkers employs roughly 1,150 people and specializes in the production of pâté, cooked meats, and sausages. Samworth Brothers intends to use the proceeds from the sale to redirect investment toward meals, savoury pastry, and food-to-go products.

The deal is expected to close in September, pending employee consultation and regulatory clearance from the Competition and Markets Authority.