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Cargill Selling China Poultry Business to Beijing Private Equity Firm

June 8, 2023
Sale of Cargill Protein China to DCP Capital is expected to close by the end of this year.

Cargill will sell its China poultry business, Cargill Protein China, to private-equity firm DCP Capital of Beijing, according to news reports.

Terms of the deal were not announced, but reports say that the transaction is expected to close this year. Cargill began producing and processing chicken in China in 2011, and had built a fully integrated poultry supply chain from the ground up, according to the company’s Web site. It also created the Sun Valley and PlantEver brands within the Cargill Protein China business.

In 2019, Cargill Protein China grew its operations, with the construction and opening of a brand new, $48.8 million chicken processing plant capable of processing 65 million birds a year. The company said in a statement that the sale followed “an extensive review of its portfolio and alternatives for the future of its poultry business in China.”

About the Author

Andy Hanacek | Senior Editor

Andy Hanacek has covered meat, poultry, bakery and snack foods as a B2B editor for nearly 20 years, and has toured hundreds of processing plants and food companies, sharing stories of innovation and technological advancement throughout the food supply chain. In 2018, he won a Folio:Eddie Award for his unique "From the Editor's Desk" video blogs, and he has brought home additional awards from Folio and ASBPE over the years. In addition, Hanacek led the Meat Industry Hall of Fame for several years and was vice president of communications for We R Food Safety, a food safety software and consulting company.

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