Tyson Fresh Meats, the beef and pork subsidiary of Tyson foods, recently entered into a partnership with Jacob Stern & Sons to launch a joint venture called JST Global. Both companies seek to serve the worldwide fats and oils market. Specific terms of the venture have not been disclosed.
“We maximize the value of every animal we harvest so that no part of the animal goes to waste,” stated Steve Stouffer, Group President, Tyson Fresh Meats. “Responsibly processing fats and oils are a key part of our business and our commitment to sustainability. This joint venture gives us the opportunity to continue to value-up our beef and pork production, enabling us to innovate in new untapped markets while continuing to work directly with existing animal fat customers and the emerging renewable energy market.”
Beef and pork by-products of the fresh meats business, along with fats and oils derived from other sources, are key ingredients in thousands of products in such diverse industries as pharmaceuticals, personal care, and animal nutrition, plus the rapidly developing field of renewable fuels, a recent press release noted.
“Jacob Stern and Tyson Fresh Meats have enjoyed a strong relationship for over 50 years. Combining Tyson’s vast supply of animal fats with Jacob Stern’s Texas operations is a natural evolution and positions JST Global to meet growing worldwide demand,” said Phil Bernstein, Chairman, Jacob Stern & Sons.
Tyson Fresh Meats, based in Dakota Dunes, South Dakota, currently operates six beef plants and six pork plants in the U.S. Following a transition period, the marketing of all animal fats generated by Tyson Fresh Meats will be conducted by JST Global teams in Houston, Dakota Dunes, and Omaha.
Jay Van Valen, formerly President of Jacob Stern & Sons’ Texas Division, will serve as Chief Executive Officer of JST Global.
“With a secured supply, JST Global is strongly positioned to address the global demand for commodity and value-added animal fat,” Van Valen remarked. “JST Global’s scale and broad capabilities are key differentiators that will allow us to deliver customized solutions, particularly in highly specialized markets such as renewable energy.”
As this partnership shakes out, stick with Deli Market News for the latest.