US-based Tyson Foods buys 49% stake of MFM's poultry business for RM420m

  • 📰 staronline
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 75%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

MFM said in it is selling a 49% stake in Dindings Supreme Sdn Bhd to Tyson Foods under a strategic partnership.

Malayan Flour Mills is selling a 49% stake in Dindings Supreme Sdn Bhd to Tyson Foods under a strategic partnership which will add more supply flexibility for both companies's vertically integrated poultry business.

“This partnership will add more supply flexibility for both companies in serving halal-certified poultry to consumers and customers in the country and across priority export markets, ” he said. “Tyson Foods is one of the world’s largest food production companies with a strong global manufacturing and distribution footprint. Malaysia is one of the key poultry markets in Southeast Asia, with a high per capita consumption of poultry.

In the statement, they said MFM’s gold standard in Halal certified poultry products complements Tyson Foods’ Malaysia business, which is also recognised as a leader in the country’s Halal food industry.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines