Godrej Agrovet Limited (GAVL), one of India’s leading food and agri-business conglomerates, has announced a major strategic move to acquire the remaining 49% stake in Godrej Tyson Foods Limited (GTFL) from Tyson India Holdings Limited, an affiliate of Tyson Foods, Inc. This acquisition will boost GAVL’s stake in GTFL from 51% to 100%, further consolidating its presence in the poultry and processed foods sector.
Founded in 2008 as a joint venture between GAVL and Tyson Foods, GTFL is known for its processed poultry products and live poultry birds, marketed under the brands ‘Real Good Chicken’ and ‘Yummiez’. The company has become a significant player in both the B2C and B2B segments, supplying processed chicken to major hotel chains and quick-service restaurants, and expanding its export footprint.
Balram Singh Yadav, Managing Director of Godrej Agrovet, highlighted the success of the partnership with Tyson Foods, emphasizing the benefits of integrating advanced poultry processing capabilities. Yadav pointed out that with the current household penetration of frozen snacks in India being under 6%, there is substantial growth potential. GAVL aims to leverage this opportunity to strengthen its portfolio and enhance its market presence.
