Following a strategic review of its international poultry activities, Vion Food Group Ltd announces the sale of its Thailand chicken business, Grampian Foods Siam, to Navis Capital.
Commenting on the disposal, Ton Christiaanse, Vion CEO, said, “Our strategic review identified that the Thai chicken operations did not form part of our core strategic model. We are pleased to have completed the successful sale of our Thai chicken business. This will now allow our management teams to concentrate on our farming and processing activities within the UK. The proceeds from the sale will allow for increased investment within our UK business with a focus on our poultry activities.”