American multinational corporation, Tyson Foods has signed an agreement to acquire Keystone Foods from Marfrig Global Foods for about $2.16 billion in cash, according to sources. Brazil’s Marfrig Global Foods, the seller, is a leading global protein company, supplying nuggets to McDonald’s Corp, with a revenue of $2.5 billion during last year. The acquisition includes six facilities and an innovation centre in the USA as well as eight plants and …
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Tyson Foods
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. …
Tyson Foods, a US-based multinational food manufacturer, has announced plans to sell three non-protein business as part of its strategy to focus on protein-packed brands. Last February, Tyson Foods announced its intention to grow its portfolio of protein packed brands and is now planning to sell its Sara Lee Frozen Bakery, Kettle and Van’s businesses. These companies produce frozen desserts, breakfast bars and cereal, waffles, sauces and sides. “Through our ongoing …
Tyson Foods subsidiary Tyson Fresh Meats is expanding its case-ready beef and pork plant in Council Bluffs, IA, USA with a $27 million investment, according to a report in Food Business News. The move will see 55,000 sq ft of extra space added at the site for new production lines and warehousing and is set to increase capacity for the manufacture of fresh ground beef, beef and pork cuts and meal …
US meat processor Tyson Foods has announced an expansion of its manufacturing capability with investment in new and existing facilities in Arkensas and North Carolina. In Green Forest, Arkensas, the firm has broken ground on a $136 million, 200,000 sq ft poultry processing plant next to an existing factory at the site. The new plant is said to include additional production lines and equipment to increase capacity and efficiency, meaning that goods …
US meat producer Tyson Foods has announced plans to reorganise its business in South Georgia, USA, including the discontinuation of its Buena Vista plant and reduced operations at its facility in Dawson. According to the company, the planned Buena Vista closure is “due to a combination of factors including changing product needs, the age of the facility and the prohibitive cost of its renovation”. The decision will affect around 190 …
Tyson Foods Inc, one of the world’s largest beef, pork, prepared foods and poultry producers, has announced that it is to invest $100 million dollars at its site in Georgia, USA to maximise efficiency and meet growing demand for its products. The plant currently produces chicken for foodservice customers, but will now convert to supply fresh tray pack chicken to meet the needs of regional retail customers, the company said. …
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