The agreement with Shandong Xinchang Group will give Tyson 60 percent owners hip in poultry operations consisting of Xinchang’s existing assets and include the acquisition of a new poultry processing complex on the east coast of
The deal will need government approval.
“Poultry is the second leading meat protein source in
Xinchang’s business includes chicken and duck breeder and broiler farms, feed mills, and hatcheries. With the addition of a new chicken processing complex, the business also consists of four chicken processing facilities with a maximum capacity of three million birds per week and a duck processing facility capable of handling of 350,000 birds per week. Most of the chicken and duck products are sold frozen through foodservice and wholesale channels. A small percentage is sold through retail outlets under the Xinchang brand and under private label.
Other Tyson ventures in
Source: Tyson Foods Inc.