USA: Tyson Foods to sell Sara Lee Frozen Bakery and Van’s businesses
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 […]
USA: Ajinomoto to acquire Circle Foods
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 […]
USA: Tyson Foods acquires AdvancePierre for $4.2 billion
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 […]
USA: Tyson Foods plans to sell three non-protein business
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 […]
USA: Tyson Foods to expand Iowa fresh meats plant
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 […]
USA: Tyson Foods invests in manufacturing capability
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 […]
USA: Tyson Foods to close Buena Vista plant
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 […]
USA: Tyson Foods Inc to invest $110 million in Georgia plant
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 […]
Brazil: JBS acquires Tyson Foods’ poultry business
Brazilian food giant JBS has announced that it is to acquire the business of poultry of Tyson Foods in Mexico and Brazil for $575 million. The announcement of the acquisition comes a month after Tyson and JBS battled for control of the American company Hillshire Brands, with the latter finally winning out. JBS said that […]
USA: Hillshire Brands on verge of Tyson Foods merger
After previous reports that Hillshire Brands would merge with Pinnacle Foods Group, the former has recently announced that the company’s board of directors have suggested terminating the agreement and instead moving forward with acquiring Tyson Foods, Inc for around $8.5 billion. This decision puts the the ball back in Pinnacle Food’s court, according to Food […]