Tuesday, June 18, 2024

Tyson to acquire Keystone Foods for $2.1 billion

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SPRINGDALE, Ark. — Tyson Foods Inc. announced on Aug. 20, that it has reached a definitive agreement to buy the Keystone Foods business from Marfrig Global Foods for $2.16 billion in cash.

The acquisition of Keystone, a major supplier to the growing global foodservice industry, is Tyson Foods’ latest investment in furtherance of its growth strategy and expansion of its value-added protein capabilities, the company noted.

Headquartered in West Chester, Pa., Keystone supplies chicken, beef, fish and pork to some of the world’s leading quick-service restaurant chains, as well as retail and convenience store channels. Its value. . .

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