Tyson Foods Completes $340 Million Acquisition of Thai and European Businesses from BRF
Tyson Foods, one of the world’s largest food companies and a recognized leader in protein, has successfully completed the $340 million acquisition of the Thai and European businesses from BRF of Brazil. The purchase includes four production facilities in Thailand, and one each in the Netherlands and the United Kingdom. These businesses build on the US-based company’s growth strategy to expand offerings of value-added protein in global markets.
“The addition of this experienced and talented team combined with these businesses strengthens our capabilities and increases our reach to new markets,” says Noel White, president and chief executive of Tyson Foods. “We’re now strategically aligned to better serve customers in Europe, the Middle East, and Asia, building on our global strategy.”
It is estimated that approximately 90% of global protein consumption growth will occur outside the United States, with 60% of the volume growth coming from Asia over the next five years.
The four plants in Thailand 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 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. Products are sold under Grabits™, Hot ‘N’ Kickin’Chicken®, Speedy Pollo® and the Sadia® brands, in addition to key customer-owned brands.
