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.
Join 31,000+ subscribers
Subscribe to our newsletter to stay updated about all the need-to-know content in the poultry sector, three times a week.
