Tyson Foods has reached an agreement with a Saudi Arabian food company that will expand its efforts in the Middle East.
Tyson Foods has reached an agreement with a Saudi Arabian food company that will expand its efforts in the Middle East.
The agreement is with Tanmiah Food Co., a provider of fresh and value-added poultry and other meat products, animal feed and health products, and a foods brand franchise operator. It will give Tyson equity stakes in two Tanmiah subsidiaries: a 15% stake in Agriculture Development Co., which produces and sells fresh chicken for retail and foodservice; and a 60% stake in Supreme Foods Processing Co., which produces a variety of cooked chicken and beef products.
As part of the agreement, Tyson Foods and Tanmiah have committed to an expansion that will double the processing capacities of Supreme Foods, enabling Tanmiah to introduce new complementary products to the market.
“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,” Chris Langholz, president of International for Tyson Foods, said in a statement. “Expansion into international markets is a key part of our strategic growth plan and we’re pleased to better serve customers in this region.”
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