Source: MEATINGPLACE, 11/26/18


Tyson Foods Inc. reportedly is among the finalists seeking to buy the Asian and European chicken processing facilities owned by BRF SA, according to a report on the Bloomberg wire service, citing anonymous sources with "direct knowledge."

BRF is selling assets in Thailand, Europe and Argentina as part of a restructuring. Earlier this month, BRF said it received 14 non-binding offers for the Argentinian assets and eight offers for the assets in Europe and Thailand during the first phase of the sale process. Eight bids were selected to continue in the competition for the Argentinian operations and five for the assets in Europe and Thailand, reportedly including Tyson's.

All binding offers for BRF's Thai poultry processor Golden Foods Siam Ltd., as well as its European assets, are due in mid-December. In August, the list of prospective bidders reportedly included Charoen Pokphand Foods Pcl in Thailand, China’s Cofco Corp. and JBS SA.

In August, Tyson inked a deal to buy Keystone Foods LLC from Marfrig, only the latest in a series of international acquisitions by the protein giant.

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