Tyson Foods Inc. of Springdale said it had bought a stake in Malayan Flour Mills Berhad, a food manufacturing company in Malaysia.
The companies said the investment is a 49% stake in the Malayan Flour Mills Berhad’s poultry segment. Publicly traded Tyson Foods said the partnership will provide more supply flexibility.
The investment has to be approved by shareholders of Malayan Flour Mills Berhad.
“Once completed, the poultry deal will optimize our existing Malaysia business and expand MFM’s poultry business,” said Chris Langholz, International President of Tyson Foods. “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.”
Tyson Foods has one plant and innovation center in Malaysia. Malayan Flour Mills Berhad said the partnership will help it increase its halal poultry offerings — food permissible for consumption by Muslims who make up the majority to the country’s population — and Tyson Foods’ network will help it increase its exports.
“Our global resources and robust innovation capabilities paired with MFM’s more than 30 years of expertise as a leading poultry player in the country, enable both companies to make halal-certified products more readily available and affordable,” said Tan Sun, president of Tyson Foods APAC.
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