Black Kassel - Snack like Royalty
Eiffel Tower - A creamy cow’s milk delight, featuring a chalky white rind and a cream-colored, buttery, soft interior that oozes when at the peak of ripeness and temperature
Tyson Foods Grows Investment in Beyond Meat

Tyson Foods Grows Investment in Beyond Meat


SPRINGDALE, AR
Friday, December 8th, 2017

Continuing its recent focus on investing in promising products and new technologies, Tyson Foods announced last week that the company has expanded its investment in plant-based protein produce Beyond Meat.

Justin Whitmore, Executive Vice President Corporate Strategy and Chief Sustainability Officer, Tyson Foods“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 for Tyson Foods, in a press release. “Our investment in Beyond Meat provides another fantastic alternative for consumers as we strive to sustainably feed the world.”

Tyson’s venture capital fund opted to participate in Beyond Meat’s most recent fundraising initiative—an initiative designed to generate additional capital to help the business continue to expand its product portfolio 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.

Terms of the deal were not disclosed, though the company noted that Tyson Foods’ latest investment increases its ownership stake in Beyond Meat from the 5 percent established a year ago.

Beyond Meat's signature Beyond Burger plant-based hamburger patty

“This investment reinforces our focus on protein and enables us to support Beyond Meat’s efforts to produce new, leading-edge products,” added Whitmore. “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 noted that the company’s latest fundraising round, which also includes the support of venture capital fund Cleveland Avenue, will be used to expand production, sales, and distribution capabilities and fund the company’s R&D commitment.

For more dairy, deli, and bakery news, look to Deli Market News.

Tyson FoodsBeyond Meat
Topics:


Black Kassel - Snack like RoyaltyEiffel Tower - A creamy cow’s milk delight, featuring a chalky white rind and a cream-colored, buttery, soft interior that oozes when at the peak of ripeness and temperature

Have a new product, press release or story idea?

Let us know

In This Story


Tyson Foods, Inc., founded in 1935, is one of the world's largest producers of chicken, beef, pork, and prepared foods.

We believe there is a better way to feed the planet. Our mission is to create mass-market solutions that perfectly replace animal protein with plant protein. We are dedicated to improving human...

American Butter Institute Urges FDA to Address Mislabeled “Butter” Products

The company urges the USDA to take prompt enforcement action against seven “butter” substitutes that allegedly violate the agency’s food labeling requirements.
View Press Release

Harvest A Great Time This Fall With These Hampton Farms Recipes On Your Table

The company partners with and supports local farms to seed and harvest all its peanuts.
View Press Release

Beetology Introduces New Beverages

The company launches cold-pressed, simple, nutrition-packed wellness juices made from nature's superfood—beets.
View Press Release

The Spice Lab is Now USDA NOP Organic Certified

The USDA Organic seal assures consumers that products are 95% or more certified organic.
View Press Release

Valio Unveils On-Trend Food Innovations and Ingredients Solutions at SIAL Paris

The company plans to showcase its latest food innovations and tailor-made ingredients solutions at the upcoming show.
View Press Release

Charlotte-Based Hissho Sushi Makes N.C. Mid-Market Fast 40 List

This year marks 20 years since Hissho Sushi was founded in Charlotte, NC.
View Press Release

Anheuser-Busch Inbev & DS Smith Plastics Named 2018 Excellence in Reusable Packaging Award Winners

RPA announces two winners in the 2018 Excellence in Reusable Packaging award program.
View Press Release

It's Pumpkin Spice Season!

Litehouse debuts a fresh look for its line of deliciously indulgent caramel dips and a limited-edition flavor: Pumpkin Spice Caramel.
View Press Release

Time to Step Up Your Fall Menu Plan; Pereg Natural Foods Gets You Started

Suffering from pumpkin spice fatigue? Here are 14 savory reasons why you still need pumpkin spice in your life.
View Press Release

New Snack Bars Take the Tahini Craze to Healthy Delicious Heights

Absolutely Gluten Free introduces TahiniBAR, the energy bar made from sesame seeds, in three exciting flavors.
View Press Release