Posts tagged "Tyson Foods"

Tyson looks to robotics for the future of meatpacking

[09 August/Food Dive] Tyson Foods has opened the Tyson Manufacturing Automation Center near its headquarters in Springdale, Arkansas. The facility will develop automated and robotic solutions for the meat packer’s food production plants, particularly aimed at jobs that are physically demanding, highly repetitive or dangerous. Tyson has reported that it has invested more than USD$215...

Tyson’s Answer to Fake Meat Craze: Half-Pea, Half-Beef Burger

[13 June/Bloomberg] Tyson Foods Inc., the biggest US meat processor, has created a a half-pea-protein, half-Angus-beef burger, as part of their bid to satisfy demands of the rapidly growing segment of people who eat meat but are cutting back and adding more vegetable-based protein to their diets. Tyson said it will debut the hybrid meat-plant...

Hybrid VC Firm Big Idea Ventures Wants to Scale the Alternative Protein Revolution

[15 May/The Spoon] Big Idea Ventures (BIV) is looking to get in on the alternative protein revolution by investing in plant-based protein companies. The firm is a hybrid venture firm with a VC arm and accelerator programme. Run by Andrew Ive, the frim last week closed its first fund: the New Protein Fund, which now...

Nestlé’s cold cuts business could attract interest from Smithfield, Tyson Foods

[10 April/Food Dive] Nestle is looking at selling Herta Charcuterie lunch-meat business in Europe, for anywhere from USD$800 million to USD$1 billion (approx. NZD$1.1 billion to $1.5 billion). The sale could possibly draw interest from companies such as Smithfield Foods, Tyson Foods and Cargill. The sale by Nestle comes as part of a renovation to...

The science that will make Wagyu beef affordable for everyone

[12 December/QZ] In a first of its kind contract has been signed by JUST and Toriyama Ranch, which will see the high-end Japanese beef ranch working with a cell-cultured meat producer. JUST will source its beef cells from actual cuts of Wagyu beef or the live cows themselves which will then be transported from Japan...

Plant-based food maker Beyond Meat file for USD100 million IPO

[19 November/Food Dive] Beyond Meat has made preliminary filings with the Securities and Exchange Commission indicating its intention to go public.  The filings, which indicate the company will trade with the ticker BYND, is currently slated to raise USD100 million.  Beyond Meat posted a net loss of USD30.4 million on revenue of USD32.6 million in...

Inside Tyson Foods’ effort to adopt the start-up mentality

 [31 May/Food Dive] Tyson foods started an innovation lab and its seven member team oversees everything from creating to marketing products to get them to consumers faster. Senior Vice President of R&D for Insights and Innovation, Jen Bentz, said that they were thinking of innovation and what was happening in the market, They had to...

Tyson Foods invests in steam oven start-up Tovala

[7 February/ Food Dive] Tyson Foods continues to make investments in start-up companies through its Tyson Ventures branch. The latest announcement indicating it has joined a funding round in Tovala, a company that makes steam ovens and ready to cook food, although the details of the investment were not disclosed.  Tovala ovens bake and broil...

Chicken suppliers fall amid allegations of collusion

[31 January/ CNBC] Two major foodservice distributors in the US, US Foods and Sysco, have launched separate lawsuits against a range of poultry producers, including Tyson Foods, Pilgrim’s Pride and Sanderson Farms, alleging that the companies have colluded to manipulate wholesale chicken prices.  The lawsuits argue that the companies have artificially limited supplies and inflated...

Tyson spreads its protein bets with minority stake in cultured meat start-up Memphis Meats

[29 January/Food Navigator USA] While some commentators predict a pitch battle between plant based, animal based and cellular agriculture, the largest meat-packer in the US, Tyson Foods, appears to be agnostic about its protein source with its venture capital arm taking a stake in cultured meat start-up Memphis Meats having already invested in plant based...

Meat giant Tyson Foods increases stake in plant-based brand Beyond Meat: a ‘fantastic alternative for consumers’

[8 December/ Food Navigator] Beyond Meat has raised USD 55 million in a financing round supported by Tyson Foods. Beyond Meat was now in around 19,000 stores with products including Beast Burgers, Beyond Chicken Strips, Beyond Beef Crumbles, and the famous Beyond Burger. Beyond Meat’s products contained no meat, with many being based on pea-protein....

Tyson Foods introduces animal welfare measures

[22 June/ Global Meat News] Tyson Foods plans to use on-farm video cameras and trial humane slaughter methods to improve welfare for its 35 million chickens processed per week. Arrowsight will independently monitor video footage from 33 Tyson Foods poultry plants to prevent animal abuse. Livestock handling practices will also be monitored and reported to...

Tyson acquiring Oaktree-backed sandwich provider

[25 April/ Agri Investor] A subsidiary of Tyson Foods has agreed to acquire prepared foods provider AdvancePierre for USD4.1 billion. Tyson said the deal will result in USD200 million in cost savings over the next three years due to cost synergies. The deal calls for all outstanding shares of AdvancePierre, listed on the New York Stock...

Tyson to sell off three non-meat businesses, focus on protein portfolio

 [26 April/ Food Dive] Tyson Foods announced that it is selling three of its non-protein businesses (Kettle, Van’s and Sara Lee Frozen Bakery) as the company seeks to focus on its core protein businesses.  Tyson CEO, Tom Hayes, was appointed earlier this year and is delivering quickly on his stated goal of paving the way...

Tyson Foods sets out sustainability plans

[23 February/ Global Meat News] Tyson Foods president and CEO Tom Hayes has announced the company’s plans to expand its portfolio of protein-packed brands and sustainable delivery. Tyson Foods intends to continue investments in innovation to bring a wide range of new products to the market that meet customer demands for fresh food and high...

US Meat giant trials high-end pork product

[20 February/ Global Meat News] Tyson Foods is using the Annual Meat Conference in Dallas, Texas to launch an ultra-premium range of pork products under its Chairman’s Reserve Prime Pork brand. The product, which is targeted at retail and food service clients, is an all-natural product that is barely processed, hand selected and hand trimmed....

Tyson Joins List of Food Companies with Venture Capital Funds

 [6 December/ AgFunder News] Tyson Foods has announced that it would make USD 150 million available to invest in companies which were developing breakthrough technologies, business models, and products to sustainably feed a growing world population. The company would focus on investing in the areas of alternative proteins, food security, food waste, and digital tools...

Tyson, the Top Meat Processor, Invests in Plant Protein

[11 October/ The New York Times] Tyson Foods, the largest meat producer in the United States, has announced that it would invest an undisclosed amount for a 5 percent stake in Beyond Meat, a Californian company that made ‘meats’ from protein sources such as soy and peas. Tyson Foods Senior Vice President, Monica McGurk said...

‘I don’t see a problem’: Tyson Foods CEO on factory farming and antibiotic resistance

 [4 April/ The Guardian] The livestock sector has been accused of overusing drugs on animals, leading to the effectiveness of antibiotics against serious infections in people decreasing. Tyson Foods Chief Executive Officer, Donnie Smith said the US based company would stop using human antibiotics on animals. Mr Smith added that there was a global health...

McDonald’s, Tyson Drop a Supplier

[28 August/ The Wall Street Journal] McDonald’s and Tyson Foods have severed ties with Tennessee-based poultry farm, T&S Farms, after video footage from the farm that showed chickens being stabbed, clubbed and crushed to death. McDonalds said the company, alongside Tyson Foods, were investigating the farm and will reinforce McDonalds’ expectations for animal treatment. Tyson...