The global food industry leader, Tyson Foods announced that its beef and pork subsidiary Tyson Fresh Meats and Jacob Stern & Sons Inc. have launched a joint venture, JST Global, LLC, to serve the worldwide fats and oils market. Jacob Stern & Sons is one of the Tyson’s largest customers for animal by-products and is the largest U.S. processor and marketer of animal fats
South Dakota based Tyson Fresh Meats currently operates six beef plants and six pork plants in the USA. 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.
We highlight below select investments by Tyson Foods in past few months.
December 2019: Tyson Foods subsidiary Tyson Fresh Meats, Inc., signed an agreement with the Republic of Kazakhstan to expand its beef operations internationally. The company signed agreement with private holding company Kusto Group to collaborate on a project that, in its initial phase could lead to the construction of a modern beef processing plant in Kazakhstan, with an anticipated harvest capacity of 2,000 heads per day.
September 2019: Tyson Foods, Inc. through its corporate venture subsidiary, Tyson Ventures, has invested in San Francisco based New Wave Foods. The New Wave Foods is focused on producing plant-based shellfish and plans to have a shrimp alternative ready for food service operators in early 2020.
June 2019: Tyson Foods, Inc. had completed the acquisition of the Thai and European businesses from BRF S.A. The deal includes four production facilities in Thailand, and one each in the Netherlands and the United Kingdom. These businesses build on the company’s growth strategy to expand offerings of value-added protein in world markets.
About Tyson Foods
Tyson Foods headquartered in Springdale, Arkansas, the USA is one of the world’s largest food companies and a recognized leader in protein market. The company has a broad portfolio of products and brands like Tyson, Jimmy Dean, Aidells, Hillshire Farm, Ball Park, Wright, ibp and State Fair.
The company has more than 141,000 employees worldwide. The company innovates continually to make protein more sustainable and easily available for customers.