Posts tagged "Tyson Foods"

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...

Meat giant playing catch-up on antibiotics [30 April/ Radio NZ Rural]

Meat giant playing catch-up on antibiotics [30 April/ Radio NZ Rural] American meat producing giant, Tyson Foods has announced it will stop using human antibiotics in its U.S. chicken flocks in response to growing concerns about antibiotic-resistant infections. New Zealand Poultry Industry Association Executive Director, Michael Brooks said what Tyson Foods was doing was new...

Tyson to sell Mexico, Brazil poultry operations

[29 July/ NZ Herald] Meat processor, Tyson Foods Inc said that it will be selling its poultry business in Mexico and Brazil for $575 million to JBS, in order to reduce its debt from the recently announced acquisition of Hillshire Brands, saying that the businesses it will sell do not impact on its plans to...