VION Announces Sale of Thai Chicken Operations

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.

11 Sep 2009 --- Following a strategic review of its international poultry activities VION Food Group Ltd today announced the sale of its Thailand chicken business, Grampian Foods Siam, to Navis Capital.

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.”