SPRINGDALE, Ark. (AP) -- Tyson Foods Inc. says it's bought two poultry companies and has acquired majority ownership in a third in southern Brazil, home to the country's biggest producers of corn and soybeans.
Terms of the deal were not disclosed.
The Springdale, Ark.-based meat producer announced Thursday its agreements with the companies. Tyson says it will buy Macedo Agroindustrial and Avicola Itaiopolis, both in the state of Santa Catarina. Tyson says it has acquired a 70 percent ownership of Frangobras, located in the state of Parana.
Tyson's international president, Rick Greubel, says the company is expanding into Brazil because the country is the world's leading chicken exporter and third largest chicken producer behind the United States and China.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.