Tyson Foods is announcing the acquisition of Michigan-based Bosco's Pizza, according to Globe Newswire. However, the terms of the acquisition were not disclosed.
Bosco's Pizza is most famous for "The Original Bosco Stick," but also produces a variety of stuffed bread sticks and frozen pizzas for its food service and retail customers.
"This is part of our company's strategic plan to grow our domestic prepared foods business," said Donnie King, Tyson Foods' president of prepared foods, customer and consumer solutions. "Bosco's will be a good addition to our diversified portfolio of quality food offerings."
Bosco's will become part of the Prepared Foods division of Tyson's Foods. However, it will still operate under the Bosco's Pizza name and customer contacts will not change. Day-to-day operations of Bosco's Pizza will continue to be managed by Craig Mulhinich, Vice President of Sales and Marketing, and Paul Morgan, Vice President of Operations. Bosco's employs approximately 150 people, all of whom are expected to become Tyson Foods employees.
"This is a great opportunity for the Bosco's brand," Mulhinch said. "We've put a lot of effort into creating high-quality products and Tyson Foods has recognized that. This deal will allow us to accelerate our growth while we continue to focus on the fundamentals of making excellent artisan bread products. We're excited about joining the Tyson team."