Tyson enters joint venture with Godrej
Tyson Foods is joining forces with Godrej Group for a
poultry processing and marketing joint venture in India.
It is reported that the US giant will hold a 51% stake in the joint
venture, while the remaining 49% will be owned by Godrej Agrovet, whose poultry
business - including brands like Real Good Chicken and Yummiez - will be spun
off into the new entity.
It is expected that the deal will be finalised next month, and that the
venture will launch new processed and value-added poultry products.
Godrej Agrovet is one of the largest producers and marketers of animal
feeds and agri-inputs in India. The partnership will help it gain access to the
global food processing and product development technology of Tyson Foods.
The two groups already have a working relationship. Godrej Agrovet is the
sole franchisee of Cobb-Avian, a subsidiary of Tyson Foods.
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