Tyson Foods buys 40% slice in the Vibra group and advances in poultry in Brazil

Tyson Foods reported this Friday that it has agreed to buy 40% of the Vibra group, a Brazilian producer and exporter of poultry meat, as part of the global growth strategy of the American animal protein industry giant. Grupo Vibra, headquartered in Montenegro (RS) and operations in Paraná and Minas Gerais, as well as a business unit in Dubai, serves clients in Brazil and in more than 50 countries. " 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 was performed after Tyson closed the purchase of assets abroad of Brazilian Marfrig and BRF last year. The business with Vibra guarantees to Tyson acting in Brazil, the largest exporter of chicken meat in the world. " The big point is that Tyson can't be out. Brazil is very competitive, "said a source of the sector, which asked not to be identified. 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." Since last year, Tyson Foods has expanded its global footprint with the acquisition of Keystone Foods assets with Brazilian Marfrig, which included operations in China, South Korea, Malaysia, Thailand and Australia, as well as Brazilian BRF bird business in Thailand. And in Europa.Com 18 production units, more than 4,000 employees, Vibra has a network of about 700 integrated producers, according to Tyson.As facilities of Vibra, which operates in the production and commercialization of chicken protein with the brands Nat and Avia, include hatcheries, laboratories, farms, feed mills and refrigerators.