This deal builds on the company’s growth strategy to expand offerings of value-added protein in global markets.
Tyson Foods, Inc., Springdale, Ark., announced plans to acquire the Thai and European operations of BRF S.A. The $340 million purchase includes four processing facilities in Thailand, one processing facility in the Netherlands and one processing facility in the United Kingdom. This deal builds on the company’s growth strategy to expand offerings of value-added protein in global markets.
“As noted when we acquired Keystone Foods on Nov. 30, 2018, we believe some of our biggest growth opportunities are in value-added foods and international markets,” says Noel White, president and CEO of Tyson Foods. “In addition to domestic benefits, the Keystone acquisition provided us with a scalable production platform in the Asian poultry market. 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.”