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

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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.

 

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