Tyson Foods Signs Purchase Agreements With Brazilian Poultry Firms
Posted on: Friday, 19 September 2008, 09:00 CDT
Tyson Foods, a US-based meat and poultry processor, has signed purchase agreements with three poultry companies in southern Brazil. Terms of the planned Brazilian transactions were not disclosed.
The company has confirmed that it will acquire Macedo Agro industrial and Avicola Itaiopolis (Avita), both located in the state of Santa Catarina, and will initially have 70% ownership of Frangobras in the state of Parana. Tyson expects to conclude all three transactions by November 2008.
Santa Catarina and Parana are corn- and soy-producing states in Brazil. This is important since grain represents about half of the cost of raising a chicken. Both Brazilian states also have access to major ports for exporting products, said Tyson Foods.
Tyson's investment in Avita and Frangobras will enable each processing facility to increase daily chicken production to 320,000 birds. Direct and indirect employment is also expected to grow. Tyson plans to expand production, more than doubling Macedo plant's capacity to 176,000 birds per day.
Source: Datamonitor
Related Articles
- Tyson Registers As Sex Offender in Ariz.
- Jury Awards $1.28 Billion in Tyson Case
- Ala. Jury Awards $1.28B in Tyson Case
- Tyson May Be Headed Back to the Ring
- Tyson Pleads Innocent in N.Y. Brawl
- King's Bodyguard Sues Tyson for Injuries
- 2 Men in Mike Tyson Brawl Plead Innocent
- Mike Tyson Arrested in New York Brawl
- Boxer Tyson Arrested in New York Brawl
- Boxer Mike Tyson Arrested in N.Y. Brawl
 |
 |
User Comments (0)
RSS Feeds