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Malayan Flour Mills eyeing global poultry supply chain theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR: US-based Tyson Foods, Inc will invest RM420mil in Malayan Flour Mills Bhd s vertically integrated poultry business. MFM said in a filing to Bursa Malaysia, it is selling a 49% stake in Dindings Supreme Sdn Bhd to Tyson Foods under a strategic partnership which will add more supply flexibility for both companies. The transaction is subject to approval by MFM s shareholders. Chris Langholz, International President of Tyson Foods said once completed, the poultry deal will optimise its existing Malaysia business and expand MFM’s poultry business. “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, ” he said. ....