USA

Tyson Foods announces new investment in Beyond Meat

Tyson Foods has made an additional investment in plant-based protein producer Beyond Meat. Through Tyson�s venture capital fund, the company chose to participate in Beyond Meat�s most recent fundraising initiative, which is designed to generate additional capital to help the business continue to expand its product portfolio and distribution.

Posted on Dec 11 ,06:32

Tyson Foods announces new investment in Beyond Meat

 

While the terms are not being disclosed, Tyson Foods’ latest investment slightly increases its ownership stake in Beyond Meat from the 5 percent established a year ago.

“Global demand for all protein remains high and we’re passionate about meeting that demand sustainably,” said Justin Whitmore, executive vice president corporate strategy and chief sustainability officer of Tyson Foods. “Our investment in Beyond Meat provides another fantastic alternative for consumers as we strive to sustainably feed the world.”

Whitmore added, “This investment reinforces our focus on protein and enables us to support Beyond Meat’s efforts to produce new, leading edge products. What we’re most excited about is that we can do all of this while continuing to provide the great tasting, high quality food that is the hallmark of our company.”

Beyond Meat reports the latest fundraising round, which also includes the support of venture capital fund Cleveland Avenue, will be used to expand production, fund the company’s R&D commitment, and expand sales and distribution.

Tyson’s venture capital fund was launched in December 2016 and is focused on investing in promising entrepreneurial food businesses that are pioneering new products or technology.

Photo Source: Central Texas Food Bank/Flickr

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

BULGARIA

Bulgaria reports bluetongue disease outbreak on sheep farm

One animal was affected by the serotype 8 of bluetongue in a flock of 323 sheep on the farm in th...


Read more Read more
CHINA

China could demand EU environmental standards for meat

This possibility was commented on by Marfrig's Director of Sustainability, Paulo Pianez, during h...


Read more Read more
INTERNATIONAL

Global meat experts forecast rising beef and sheepmeat prices

Brett Stuart and Simon Quilty, principals and owners of US-based Global AgriTrends, said that dur...


Read more Read more
Websolutions by Angular Software and SpiderClass