Tyson Foods to Buy BRF's Thai, European Business for $340 Million

Data : 07/02/2019 @ 12:59
Fonte : Dow Jones News
Titolo : Brf Sa ON (BRFS3)
Quotazione : 38.43  0.71 (1.88%) @ 00:45
Quotazione Brasil Foods Grafico

Tyson Foods to Buy BRF's Thai, European Business for $340 Million

Grafico Azioni Tyson Foods (NYSE:TSN)
Storico

1 Anno : Da Set 2018 a Set 2019

Clicca qui per i Grafici di Tyson Foods
   By Colin Kellaher 
 

Tyson Foods Inc. (TSN) on Thursday said it agreed to buy the Thai and European operations of Brazil's BRF S.A. (BRFS3.BR) for $340 million as it expands its overseas value-added protein offerings.

The Springdale, Ark., meat giant said the deal includes four processing plants in Thailand, and one processing facility each in the Netherlands and U.K.

Tyson said the vertically integrated poultry operations in Thailand include a feed mill, hatchery, breeder farms and contract growing operations that supply live birds for the four plants, which produce a range of fresh and frozen, value-added raw and fully cooked poultry products.

"As noted when we acquired Keystone Foods on Nov. 30, we believe some of our biggest growth opportunities are in value-added foods and international markets," said Noel White, president and CEO of Tyson.

The company said it expects to complete the acquisition before the end of its fiscal third quarter.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

February 07, 2019 06:44 ET (11:44 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
La tua Cronologia
BIT
BMPS
Monte Pasc..
BITI
FTSEMIB
FTSE Mib
BIT
UCG
Unicredit
NASDAQ
AAPL
Apple
FX
EURUSD
Euro vs Do..
Le azioni che visualizzerai appariranno in questo riquadro, così potrai facilmente tornare alle quotazioni di tuo interesse.

Registrati ora per creare la tua watchlist personalizzata in tempo reale streaming.

Per accedere al tempo reale push di Borsa è necessario registrarsi.

Accedendo ai servizi offerti da ADVFN, ne si accettano le condizioni generali Termini & Condizioni

P: V:it D:20190922 13:02:21