In a move to extend its global presence, Tyson Foods has recently announced the acquisition of Thai and European businesses from BRF S.A. Along with acquired brands Grabits, Hot ‘N’ Kickin’ Chicken, Speedy Pollo, the Sadia, and more, the company will gain four production facilities in Thailand, and one each in the United Kingdom and the Netherlands, according to Talk Business.
“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. “We’re now strategically aligned to better serve customers in Europe, the Middle East, and Asia, building on our global strategy.”
The company is aiming to expand its offerings of value-added protein in global markets, because estimates predict that approximately 90 percent of future global protein consumption will occur outside the U.S., according to the news source, and 60 percent of the volume growth will come from Asia in the next five years.
The four plants in Thailand produce a variety or products, including fresh and frozen, value-added raw, and fully cooked poultry products, including special cuts for retail and foodservice customers throughout the global market. The facilities in the U.K. and the Netherlands are supported by in-house innovation capabilities for developing further-processed chicken products for foodservice and retail customers throughout Europe, the news source reports.
“I’m excited to welcome our newest team members to Tyson Foods,” said Donnie King, Group President of International and Chief Administration Officer. “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.”
Will these latest acquisitions lead the company toward its dream of new markets? Deli Market News will report.