Tyson Foods (TSN) and Malayan Flour Mills Berhad Announce Partnership
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Tyson Foods and Malayan Flour Mills Berhad Announce Partnership
February 10, 2021 6:00 AM ESTKUALA LUMPUR, Malaysia and SPRINGDALE, Ark., Feb. 10, 2021 (GLOBE NEWSWIRE) -- Tyson Foods, Inc. (NYSE: TSN) and Malayan Flour Mills Berhad (KLSE: MFLOUR) today announced a partnership in which Tyson Foods will invest in the Malaysia-based companys vertically integrated poultry business, which will add more supply flexibility for both companies. The transaction is subject to approval by the shareholders of Malayan Flour Mills Berhad (MFM), amongst others.
Once completed, the poultry deal will optimize our existing Malaysia business and expand MFMs poultry business, said Chris Langholz, International President of Tyson Foods. This partnership will... More
