Speculation swirled in August of this year that Tyson Foods would acquire Keystone Foods—the foodservice supplier of chicken, beef, fish, and pork. Shortly thereafter, Tyson confirmed that it would indeed be snapping up the global protein company. Now, the latest news coming down the newswire is that the acquisition has been completed.
“Our biggest growth opportunities are in value-added foods and international markets. Our acquisition of Keystone helps us achieve both,” said Noel White, President and CEO of Tyson Foods. “The addition of Keystone’s team, industry expertise, and international operations strengthens our capabilities. I’m pleased to welcome our newest team members to the Tyson Foods family.”
According to a press release, this acquisition includes eight plants and three innovation centers in China, South Korea, Malaysia, Thailand, and Australia—all of which helps with growing global demand. Tyson Foods will also acquire an innovation center and six processing plants in the United States, with locations in Alabama, Georgia, Kentucky, North Carolina, Pennsylvania, and Wisconsin.
“We’ll work to make the integration of Keystone as seamless as possible while maintaining high levels of service to our customers,” White continued. “An Integration Management Office has been formed with leaders from both companies who will lead us through the process. I look forward to all we can accomplish together as one Tyson Foods.”
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