The American company Tyson Foods, Inc.has acquired a 49% stake in the Malaysian poultry integration, Malayan Flour Mills Berhad (MFM), intending to have a more flexible supply for both companies. This flexibility aiming to serve halal-certified poultry to consumers in the country and across priority export markets, said Chris Langholz, International President of Tyson Foods. Also, he added that when the transaction of this partnership is completed, the poultry deal helps optimize Tyson Foods' existence in Malaysia and increase the poultry business of MFM.
Malaysia is considered one of the leading poultry markets in Southeast Asia, reflected in poultry's annual high consumption per person. The exportation of halal-certified products from this country represents around $9 billion UDS or RM35.4 billion. With this partnership, the Halal Industry Development Corporation (HDC) expects to reach USD 147.4 billion or RM614.36 billion in Malaysia’s halal market in 2025.
“Tyson Foods is one of the world’s largest food production companies with a strong global manufacturing and distribution footprint. Together with Tyson Foods, we look forward to increasing our halal poultry product offerings in the country, especially in the further processed poultry segment, as well as exporting to demand markets with the help of Tyson Foods’ global network”, said Teh Wee Chye, Managing Director for MFM.
Currently, MFM is a vertical poultry integration business that includes hatcheries, farms, feed mills, and processing plants. Meanwhile, Tyson Foods operates in Malaysia with one plant and one innovation center, which has allowed be active in the halal market. This will be complemented with the gold standard Halal certified on poultry products of MFM.
Malayan Flour Mills Berhad (MFM) was established in 1961, is the pioneer and currently one of the leaders in Malaysia's flour milling industry, and has a presence in Vietnam and Indonesia. The groups' revenues in FY19 were RM2.7 billion.
Tyson Foods, Inc. is an American multinational founded in 1935, is one of the world's biggest food companies and a leader in the protein market. Tyson Foods has a widely portfolio with different brands such as: Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp®, and State Fair®. In FY20, Tyson Foods generated USD 6 billion in international sales, including U.S. export sales.
