Tyson Foods acquires Thai and European businesses from BRF

US-based meat producer Tyson Foods has completed the acquisition of BRF’s Thai and European businesses for $340m.

As part of the deal, Tyson Foods acquired four production facilities in Thailand, as well as one each in the Netherlands and the UK.

Tyson Foods president and CEO Noel White said: “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.

“We’re now strategically aligned to better serve customers in Europe, the Middle East and Asia, building on our global strategy.”

The Thai facilities are engaged in the production of a wide range of fresh and frozen food, as well as value-added raw and fully cooked poultry products for retail and foodservice customers.

The Dutch and the UK facilities are supported by in-house innovation capabilities for developing further-processed chicken products for retail and foodservice customers throughout Europe.

Products are sold under various brands such as Grabits, Hot ‘N’ Kickin’ Chicken, Speedy Pollo and Sadia, in addition to key customer-owned brands.

The acquisition is part of Tyson Foods’ growth strategy to expand its offerings of value-added protein in global markets.

Tyson Foods International Group president and chief administration officer Donnie King said: “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.”