Meat Company News
Tyson Foods has launched a venture capital fund worth 150 million USD to invest in startups that develop meat substitutes.
Tyson Foods become a favored pick for investors in 2017 and has witnessed shares soar almost 32.6% this year, compared with its industry 's rally of 26.6%.
Tyson Foods has made an additional investment in plant-based protein producer Beyond Meat and increase its ownership stake.
Tyson Foods, largest US meat company, announced that it will build a new chicken plant in Tennessee and invest 300 million USD.
To grow at food service sector Tyson Foods has completed the acquisition of Original Philly Holdings, a producer of Philly-style sandwich steak and cheesesteak appetiser products.
Tyson Foods reported higher earnings and revenue and beating with this the analysts estimates, which is a result on strong demand for chicken and beef and lower costs to buy animal feed.