Tyson sells off Mexico, Brazil poultry business

Tyson Foods is selling both its Mexican and Brazilian poultry businesses for a total of $575 million to help pay for its acquisition of Hillshire Brands, the company announced today.

Last month Tyson agreed to purchase Hillshire Brands for $7.7 billion. Pilgrim’s Pride will purchase the Mexican business — Tyson de México — with three plants and 5,400 employees, and JBS Foods is purchasing the Brazilian business Tyson do Brasil including three plants and 5,000 employees.

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