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Cargill to Sell China Poultry Business to Private Equity Firm DCP Capital

June 12, 2023 at 5:30:23 AM

Agribusiness giant Cargill has agreed to sell its poultry business in China to private equity firm DCP Capital, the US company said in a statement on May 31, 2023. The sale of the unit known as Cargill Protein China is subject to regulatory approvals but is expected to close this year. The sale includes chicken farms in Chuzhou in eastern Anhui province and related manufacturing sites. Cargill did not give a transaction price in its statement.

Cargill started its China poultry operations in 2011, breeding, raising and processing the chickens. In 2019 it added a US$48.8 million plant to its operations.

- Channel NewsAsia -

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