Tyson Foods on Wednesday announced it has acquired a minority stake in Malayan Flour Mills Berhad, a Malaysia-based vertically integrated poultry processor.
The stake, which is 49 percent of the company, expands Tyson Foods’ growing footprint in Asia, with other investments in China and Thailand. The company announced in late 2020 that it is building new production facilities to add to its fully cooked poultry capacity in Southeast Asia.
“Once completed, the poultry deal will optimize our existing Malaysia business and expand MFM’s poultry business,” said Chris Langholz, International President of Tyson Foods. “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.”
“We are pleased to partner with Tyson Foods to expand MFM’s long-established poultry business,” said The Wee Chye, managing director for MFM. “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. Together with Tyson Foods, we look forward to increasing our halal poultry product offerings in the country, especially in the further processed poultry segment, as well as exporting to demand markets with the help of Tyson Foods’ global network.”
Tyson Foods Malaysia currently operates one plant and one innovation center, while MFM’s poultry supply chain includes feed mills, hatcheries, farms and processing facilities, according to Tyson Foods’ press release.
