Tyson, the world’s largest poultry concern, is delaying its JV with Israeli
conglomerate Tnuva "due to the security situation," according
to a report by Globes Business. Tyson and Tnuva plan a joint subsidiary to market
Tnuva’s kosher poultry products in Europe. Tyson representatives planned to visit
Israel last December "to close the deal," but have delayed their arrival
due to a US State Department recommendation against visiting Israel.
Tyson controls 25% of the poultry market in the USA and owns plants in Hong Kong,
Japan, Dubai and Mexico. "The cooperation between Tyson and Tnuva includes
a know-how and marketing agreement. Tyson is interested in Tnuva mainly due to
its experience in the kosher market in various countries. Tyson’s products, which
are mostly directed at the institutional market, will enable Tnuva to increase
its hold on this market," the report said.
Go deeper with GlobalData
Tnuva CEO Arik Raichman said delayed plans to sell Yoplait‘s products on
the Israeli market, under the terms of a cooperation agreement with Tnuva, "are
expected to be implemented."
By Aaron Priel, just-food.com correspondent
To read more on Tnuva’s recent problems with Yoplait, please Click
Here
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