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.”