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VION Sells Thai Chicken Operations

by 5m Editor
10 September 2009, at 12:28pm

THAILAND - VION Food Group Ltd is to sell its Thailand chicken business, Grampian Foods Siam, to Navis Capital.

The move follows a strategic review of its international poultry activities.

Commenting on the disposal, Ton Christiaanse, CEO, said: "Our strategic review identified that the Thai chicken operations did not form part of our core strategic model.

"We are pleased to have completed the successful sale of our Thai chicken business.

"This will now allow our management teams to concentrate on our farming and processing activities within the UK.

"The proceeds from the sale will allow for increased investment within our UK business with a focus on our poultry activities."