(SPRINGDALE) Tyson Foods Inc. announced last week, that it has closed a deal to buy six poultry facilities in Thailand and Europe from BRF S.A. as part of its overall growth strategy.
In February, the Springdale company announced the $340 million acquisition agreement and has been hashing out the details for months.
“We’re now strategically aligned to better serve customers in Europe, the Middle East and Asia, building on our global strategy,” Noel White, Tyson’s president and chief executive officer, said in a news release Monday.
The completed deal includes four production sites in Thailand and one each in the Netherlands and the United Kingdom. They produce fresh and frozen, raw and fully-cooked poultry products under brands such as GrabitsTM, Speedy Pollo and Sadia.
Seller BRF S.A. of Brazil is one of the largest food companies in the world. Investor filings show it is currently in talks to merge with meatpacker Marfrig Global, which sold chicken-nugget-maker Keystone to Tyson for $2.2 billion in November.
Bank of America Merrill Lynch and Clifford Chance LLP advised Tyson on the deal with BRF.