Tyson enters joint venture with Godrej

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.