Tyson Foods buys BRF’s European and Thai operations

A few months after the purchase of Keystone Foods (USA), American meat multinational Tyson Foods is back in the news with another major acquisition, a $340 million deal to buy the Thai and European operations of Brazilian poultry producer BRF.

The deal covers four processing locations in Thailand, one in the Netherlands and one in the UK for products sold under the Grabits, Hot ‘N’ Kickin’Chicken, Speedy Pollo and Sadia brands, in addition to key customer-owned brands.

According to Tyson Foods’ top management, approximately 90% of global protein consumption growth will occur outside the United States, with 60% of the volume growth coming from Asia over the next 5 years.

Tyson Foods posted first-quarter sales of $10.193 billion (slightly down from the $10.229 billion of the same period in 2018). The transaction is expected to close before the end of the company’s fiscal third quarter.