Tyson Foods buys stake in struggling Malaysian halal poultry business as it faces shareholders at home over human rights
United States’ biggest meatpacker by sales, Tyson Foods, has extended its halal reach by buying a 49% equity stake in the poultry business of Malayan Flour Mills.
The Malaysian company sold its wholly-owned subsidiary Dindings Supreme Sdn Bhd to Tyson Foods for 420 million ringgit ($104 million), the company said in a regulatory filing.
“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,” Chris Langholz, Tyson’s International President said in a statement on Wednesday (Feb 10).
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