To expand poultry business, Tyson Foods announced to open new poultry complex in Humboldt, Tennessee. The company plans to invest $425 million for new poultry complex. The processing plant is expected to employ more than 1,500 team members by 2023.
- This is Tysons biggest investment in Tennessee and the single largest corporate investment ever in Gibson County.
- The expansion includes a processing plant, feed mill and hatchery and is located within the Gibson County Industrial Park.
The prominent deals and investments by Tyson Foods are featured below:
March 2021: In order to boost meat production, Tyson Foods, Inc. is repurposing its plant capacity in South Carolina. Tyson will invest approximately $42 million to transform its facility in Columbia and planning to employ 330 people.
Feb 2021: Tyson Foods signed an agreement to acquire 49% stake of poultry business of Malayan Flour Mills Berhad(MFM). The partnership will add more supply flexibility to both companies in serving halal-certified poultry to consumers and customers in Malaysia.
Nov 2020: Tyson Foods, Inc. plans to build new production facilities in China and Thailand, and announced to expand its facility in the Netherlands. The new plant in China and Thailand is expected to create more than 1,700 jobs.
February 2020: 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 Tysons largest customers for animal by-products and is the largest U.S. processor and marketer of animal fats.
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 companys 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 worlds 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.