On July 6th, Tyson Foods announced a strategic partnership with Tanmiah Food Company, a producer quoted on the Saudi Exchange. Tyson Foods will acquire 15 percent equity of the Agriculture Development Company subsidiary, presumably responsible for live bird production and 60 percent of the equity of Supreme Foods Processing Company.
Chris Langholz, President of International for Tyson Foods, stated, “This investment will enable us to access poultry supplies in Saudi Arabia to meet the growing demand for protein in the Middle East and other markets.” He added, “Expansion into international markets is a key part of our strategic growth plan and we are pleased to better serve customers in this region.”
Zulfiqar Hamadani, CEO of Tanmiah, stated, “We are delighted to be joining hands with a well-renowned global leader in food production to accelerate our growth and development agenda.” He added, “This transaction will not 
only reinforce our position in the domestic market but will also enable us to expand our global footprint through leveraging Tyson Foods’ long-standing relationships with customers worldwide.”
It is anticipated that additional funding and technology, especially in the area of cooked and added-value products will lead to customer and geographic diversification and enhanced return on investment.