Meatingplace.com : Tyson takes 40% stake in Brazilian poultry firm

Tyson Foods said today it has reached an agreement to take a 40% stake in the foods division of Brazilian poultry producer and exporter Grupo Vibra, a move that will allow the U.S. giant more flexibility in serving customers in key global markets. Terms of the deal weren’t disclosed, and the transaction is subject to approval by the Brazilian government. “This investment will enable us to access poultry supplies in Brazil to meet the growing needs of Brazilian customers and of priority demand markets in As

Source: Meatingplace.com : Tyson takes 40% stake in Brazilian poultry firm