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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

Tyson Foods Acquires BRF Assets in the EU and Thailand

02/07/2019

In a February 7th release Tyson Foods announced a definitive agreement to acquire the Thai and European operations of BRF S.A. of Brazil. The $340 million purchase includes four processing facilities in Thailand, one processing facility in the Netherlands and one processing facility in the United Kingdom.

Noel White, president and CEO of Tyson Foods stated “the acquisition of these BRF facilities will help complement and strengthen our presence in Thailand, and provide new capabilities in Europe, enhancing our ability to serve growing global demand for value-added protein.”

The vertically integrated poultry operations in Thailand include a feed mill, hatchery, breeder farms and contract growing operations supplying live birds for the four poultry processing facilities. These four plants produce a wide range of fresh and frozen, value-added raw and fully cooked poultry products including highly specialized cuts for retail and foodservice customers throughout Asia and other export markets, including Europe.

The processing locations in the Netherlands and the United Kingdom are supported by in-house innovation capabilities for developing further-processed chicken products for retail and foodservice customers throughout Europe.

Donnie King newly re-joining Tyson Foods as Group president of International stated “approximately 90 percent of global protein consumption growth will occur outside the United States, with 60 percent of the volume growth coming from Asia over the next five years,” He added “Increasing our international footprint with in-country operations and export capabilities will help Tyson Foods strategically access new markets and better serve the growing global demand for our value-added protein.”


 
Copyright 2018 Simon M. Shane