Tyson Foods completes acquisition of Thai and European businesses from BRF S.A.
by June 3, 2019 5:43 pm 1,083 views
Tyson Foods announced Monday (June 3) the successful completion of the acquisition of the Thai and European businesses from BRF S.A. The purchase includes four production facilities in Thailand, and one each in the Netherlands and the United Kingdom.
These businesses build on the 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. I’m glad to welcome them to the Tyson Foods family,” said Noel White, president and CEO 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 future 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 food service 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. Some of the brands in this deal include: Grabits, Hot ’N’ Kickin’ Chicken, Speedy Pollo and the Sadia.
“I’m excited to welcome our newest team members to Tyson Foods,” said Donnie King, group president of international and chief administration officer for Tyson Foods. “We’re working to make the integration of these operations as seamless as possible while maintaining high levels of service to our customers. This is a great team and I know they’re ready to work together as one company.”