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Godrej Agrovet buys JV partner's 49% stake in Godrej Tyson Foods
Source Godrej Tyson Foods Ltd (opens in a new tab)Press Release (opens in a new tab)
Publicly listed agri-business firm Godrej Agrovet Ltd (GAVL) has acquired 49% stake in Godrej Tyson Foods Ltd (GTFL) from its JV partner Tyson India Holdings Ltd (an affiliate of Tyson Foods, Inc). Post-acquisition, GAVL will hold 100% stake in GTFL.In 2008, GAVL had entered into a joint venture with an affiliate of Tyson Foods, Inc. to manufacture and market processed poultry products. Selling products under brands 'Real Good Chicken' and 'Yummiez', GTFL is also engaged in the sale of live poultry birds in the market.