Vion Food Group has sold the Thai chicken business that it acquired as part of last year’s takeover of Grampian.
Grampian Foods Siam was the only foreign-based operation attached to the Scottish poultry business until Vion announced this week it had sold the business to Navis Capital.
“Our strategic review identified that the Thai chicken operations did not form part of our core strategic model,” said CEO Ton Christiaanse. “This will now allow our management teams to concentrate on our farming and processing activities within the UK.”
Proceeds from the Thai sale would be used to increase investment in UK poultry production, Christiaanse added.
Navis is an Asia-focused private equity specialist with more than $2bn of equity capital under management and a portfolio of over 30 companies.