American international food corporation, Tyson foods has invested $425 million in a new poultry complex in Tennessee. Located in Gibson County, the 370,000 square foot facility includes a processing plant, feed mill, and hatchery, and it will produce pre-packaged trays of fresh chicken for retail grocery stores. The facility is expected to employ more than 1,500 employees by 2023. Donnie King, chief operating officer and group president at Tyson Foods …
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Tyson Foods
Tyson Foods, the US firm predominantly active in the meat sector, is said to be investing $27 million to increase capacity at a factory in Caseyville, IL, USA that makes processed foods. The investment will see 100 new jobs created and three new production lines added, enabling Tyson Foods to increase capacity by 16 million pounds (around 7,250 tonnes) per year. The Landshire Sandwiches plant was acquired by Tyson Foods in …
A factory in Rancho Cucamonga, CA, USA that manufactured products under the Golden Island Jerky brand is set to close following the sale of the company to meat snacks firm Jack Links, according to a report in the Orange County Register. The decision to close the factory was announced in December, and Jack Links has now confirmed it intends to absorb production of Golden Island Jerky into its four existing factories elsewhere …
Tyson Foods, the US meat processor, has announced it has reached a deal to take a 40% stake in Brazilian poultry firm Grupo Vibra for an undisclosed sum. Describing the deal as “part of its global growth strategy”, Tyson Foods said its stake in Grupo Vibra would give it more flexibility in serving customers in key global markets, noting that nearly 98% of protein consumption growth is expected to come from outside the …
Tyson Foods, the US meat firm, has announced its first major foray into plant-based foods with the launch of its new Raised & Rooted brand, and a range of vegetarian and blended products. The initiative makes Tyson Foods the largest US meat producer to enter the alternative protein segment with its own products, the company said in a statement. The initial products under the Raised & Rooted brand include plant-based nuggets as …
Tyson Fresh Meats, a subsidiary of meat firm Tyson Foods, is investing almost $300 million to build a new meat production plant in Utah, USA, according to media reports. The new unit, which is to be built in the Salt Lake City area, will reportedly be a 400,000-square-foot case-ready plant which will take large cuts of beef and pork and convert them into steaks, chops, roasts and ground meat for …
Tyson Foods, one of the world’s largest meat firms, has announced the launch of a new brand called Yappah! in a bid to combat food waste. Yappah! Protein Crisps are described as being crafted from “rescued” and “upcycled” vegetable and grain-based ingredients that might otherwise go to waste. The brand is the first created by Tyson Innovation Lab, a specially-selected team responsible for developing innovative products. According to Tyson Fooods, …
US meat processor Tyson Foods has entered into an agreement to sell its Sara Lee Frozen Bakery and Van’s business to private equity firm Kohlberg & Co as part of its strategy to focus on its protein business. The deal, terms of which were not disclosed, include the Chef Pierre, Bistro Collection and Van’s brand and the license to use Sara Lee in certain markets. The agreement also includes the sale …
Ajinmoto, the leading Japanese food producer, is to acquire the Circle Foods business from US meat company Tyson Foods, Just Food reports. “Tyson Foods has entered an agreement with Ajinomoto Windsor to sell our Circle Foods operations. We anticipate this transaction to be completed this spring, and are working with Ajinomoto Windsor on a transition plan for operations”, the company is quoted as saying. “Our primary focus will be to …
US meat processor Tyson Foods has concluded the acquisition of AdvancePierre for an approximate transaction value of $4.2 billion. With a workforce of 4,500, AdvancePierre makes snacks and ready-to-eat sandwiches, generating revenue of $1.6 billion in 2016. According to Tom Hayes, president and chief executive officer of Tyson Foods, the merger of Tyson and AdvencePierre Foods is expected to generate synergies of about $200 million during the next three years. …
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