Tyson Foods to acquire a 60% stake in Supreme Foods Processing and a 15% stake in Agriculture Development from Tanmiah Food.

Tyson Foods, a food processing company, agreed to acquire a 60% stake in Supreme Foods Processing, a raw and pre-cooked meats producer, and a 15% stake in Agriculture Development, a fresh poultry producer, from Tanmiah Food, a provider of fresh and value-added poultry and other meat products, animal feed and health products and a foods brand franchise operator. Financial terms were not disclosed. “This investment will enable us to access poultry supplies in Saudi Arabia to meet the growing demand for protein in the Middle East and other markets. Expansion into international markets is a key part of our strategic growth plan and we’re pleased to better serve customers in this region,” Chris Langholz, Tyson Foods International President.