“This has really become a community-wide project, so I felt like it was not right just for us to receive it but it really needs to be a community effort.” While the construction activity funded by the donation will take place primarily inside Gainesville city limits, Sheppard invited other stakeholders to be a part of the gift acceptance event. “As many of you know we are missing a segment…and this is going to help us go a long way in building and constructing that piece.” The announcement of the generous donation was made at Tuesday’s Gainesville City Council meeting by Assistant City Manager Angela Sheppard.

Through the food-processing giant’s “Hometown Strong” program $785,000 is headed to Gainesville for the purpose of filling a gap in the trail’s route structure while adding a trail connection to the company’s facility along Industrial Boulevard. Net income also reverted, coming in at a $642.5m profit versus a $66m loss.GAINESVILLE – Thanks to the largest donation ever received by the City of Gainesville a portion of the Highlands to Islands trail system will be able to be completed sooner than expected.Ĭolorado-based Pilgrim’s Pride annually re-invests in the communities where it has operations and Gainesville is one of those communities. Adjusted EBITDA rose 79.9% to $1.1bn, with the margin up 3.6 points at 12.7%. Over the first half, sales climbed 28.4% to $8.8bn. The business also turned to a profit of $362m, compared to a net loss of $166m for the corresponding period. It had also previously bought the UK pork group Tulip from Danish Crown and meat processor Moy Park.įor the second quarter to 26 June, Pilgrim’s posted sales of $4.6bn, an increase of 27.3% from a year earlier, including 96% growth from both its namesake brand and Just Bare.Īdjusted EBITDA rose 67.7% to $623.3m, with the associated margin up 3.3 percentage points to 13.5%. Months earlier, the company bought a clutch of UK assets from Ireland’s Kerry Group, including the firm’s meats and meals operations.

Pilgrim’s extended its presence in the UK last year with the acquisition of meat processor Randall Parker Foods. The expansion to the Athens plant will increase small bird capacity by 20-30%, Sandri said, noting “it’s not a significant growth but it’s very important” for a “specific key customer”. “As a result, we can generate stronger, more consistent sales growth and margin expansion that accelerate our business momentum and creates further competitive advantage for our business.” Pilgrim’s CEO Fabio Sandri added on the analyst call: “We are confident that these investments will drive further growth for our business, while also enhancing our key customer partnerships, further diversifying our portfolio and supporting operational excellence.

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