Arkansas-based Tyson signed purchase agreements with three poultry companies in southern Brazil. Each is vertically integrated and offers the potential for domestic and international sales growth.
Terms of the planned Brazilian transactions were not disclosed; however, company officials confirmed Tyson will acquire Macedo Agroindustrial and Avicola Itaiopolis (Avita), both located in the state of Santa Catarina, and will initially have 70% ownership of Frangobras in the state of Parana. Tyson expects to conclude all three transactions in the next 60 days.