Tyson Foods agrees with Vibra and aims to increase performance in birds in Brazil

SÃO PAULO (Reuters)-Tyson Foods reported on Friday that it closed agreement with the Brazilian poultry meat producer and exporter group Vibra as part of the global growth strategy of the US giant in the animal protein sector. "Once completed, the agreement will give Tyson Foods more flexibility in customer service in major global markets," the company said in a statement. The negotiation with Grupo Vibra, with operations in Paraná and Minas Gerais, in addition to a business unit in Dubai, was held after Tyson closed the purchase of assets of Brazilian Marfrig and BRF last year. The terms of the agreement with Vibra have not been disclosed, and the transaction is still subject to the approval of the Brazilian regulatory bodies. " This investment will allow us to access the poultry supply in Brazil to meet the growing needs of Brazilian customers and priority demand markets in Asia, Europe and the Middle East, "said Tyson president Donnie King. According to him, the Movement is part of the strategy of developing a "more flexible supply chain and mitigating the volatility of our previous model, which was based primarily on U.S. exports." Brazil is the largest exporter of chicken meat in the world. "Once completed, the agreement will give Tyson Foods more flexibility in customer service in major global markets," the company said in a statement. The negotiation with Grupo Vibra, with operations in Paraná and Minas Gerais, in addition to a business unit in Dubai, was held after Tyson closed the purchase of assets of Brazilian Marfrig and BRF last year. The terms of the agreement with Vibra have not been disclosed, and the transaction is still subject to the approval of the Brazilian regulatory bodies. " This investment will allow us to access the poultry supply in Brazil to meet the growing needs of Brazilian customers and priority demand markets in Asia, Europe and the Middle East, "said Tyson president Donnie King. According to him, the Movement is part of the strategy of developing a "more flexible supply chain and mitigating the volatility of our previous model, which was based primarily on U.S. exports." Brazil is the largest exporter of chicken meat in the world.