Bounty Fresh Food eyes expanding its business in Africa.
This is after said poultry company acquired New Zealand’s largest poultry producer, the Tegel Group. Bounty Fresh obtained the Tegel Group in exchange for $309 million.
Bounty Fresh was founded in the 1980s by Chen who started the business in a one-layer house in Sta. Maria, Bulacan, with an initial 5,000 heads of chicken.
“Hopefully going forward we can be in more markets. I am in touch with a sovereign fund and they are very interested in going to Africa (with us),” Bounty Fresh president and CEO Tennyson Chen told reporters on the sidelines of the Family Business Conference 2019.
Bounty Fresh is now one of the country’s largest poultry companies in the Philippines with vertically integrated farm-to-plate operations.
Said poultry company is the second biggest poultry producer in the country.
With report from: philstar.com
Photo sources: rnz.co.nz, news.abs-cbn.com, bountyfreshchicken.com, ey.com
