Tyson Foods and Tanmiah Food have signed a strategic partnership in which Tyson Foods will acquire 15% of stakes in Tanmiah subsidiary Agriculture Development Company (ADC) and 60% equity in Supreme Foods Processing Company.
Tyson Foods is a recognized leader in protein, whilst Tanmiah is a producer of fresh and value-added poultry and other meats, animal feed, health products, and a foods brand franchise operator.
According to sources, the deal will expand the processing capacities of Supreme Foods, which is aligned Tanmiah’s strategic expansion plans to double the company’s production capacity in processed products at the same time it will allow Tanmiah to diversify its product portfolio.
“This investment will enable us to access poultry supplies in Saudi Arabia to meet the growing demand for protein in the Middle East and other markets,” said Chris Langholz, president of international for Tyson Foods.
This partnership will enable Tyson Foods to expand its international business, the firm is planning to open six plants in Asia and one in Europe over the next two years.
Source: Tyson Foods