Tyson Foods continues to double down efforts to expand global sales announcing a 40% stake in Grupo Vibra Foods, a Brazilian poultry company. Terms of the deal were not disclosed, which is still subject to the approval of regulators in Brazil.

“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 Asia, Europe and the Middle East,” said Donnie King, group president, international & chief administration officer for Tyson Foods. “It’s part of our strategy to develop a more flexible supply chain and mitigate the volatility of our previous model, which relied primarily on U.S. exports.”

Tyson has been busy building out its global footprint in recent years with the acquisition of Keystone Foods, which gave the meat giant more operations in China and added a presence in South Korea, Malaysia, Thailand and Australia, and BRF poultry businesses in Thailand and Europe.      MORE