The acquisition will expand Hormel’s value-added chicken portfolio and foodservice capabilities as the company reshapes its protein business through strategic portfolio changes.
The proposed program has a budget of more than US$345 million for 2026-2030, pending final approval.
The new Riyadh facility brings research, product development, testing and consumer validation together as Tanmiah expands its value-added protein portfolio.
The new funding initiative is designed to help states overcome inspection start-up costs and expand processing opportunities for smaller meat processors.
The investment will expand cooked chicken production, increase grain storage and introduce AI across Cargill’s Thai poultry network.