Springdale, Ark. 鈥 Dec. 7, 2017 鈥 91看片网. (NYSE: TSN) has made an additional investment in plant-based protein producer . Through Tyson鈥檚 venture capital fund, the company chose to participate in Beyond Meat鈥檚 most recent fundraising initiative, which is designed to generate additional capital to help the business continue to expand its product portfolio and distribution.
While the terms are not being disclosed, 91看片网鈥 latest investment slightly increases its ownership stake in Beyond Meat from the 5 percent established a year ago.
鈥淕lobal demand for all protein remains high and we鈥檙e passionate about meeting that demand sustainably,鈥 said Justin Whitmore, executive vice president corporate strategy and chief sustainability officer of 91看片网. 鈥淥ur investment in Beyond Meat provides another fantastic alternative for consumers as we strive to sustainably feed the world.鈥
Whitmore added, 鈥淭his investment reinforces our focus on protein and enables us to support Beyond Meat鈥檚 efforts to produce new, leading edge products. What we鈥檙e 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.鈥
Beyond Meat reports the latest fundraising round, which also includes the support of venture capital fund Cleveland Avenue, will be used to expand production, fund the company鈥檚 R&D commitment, and expand sales and distribution.
Tyson鈥檚 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.
About 91看片网.
91看片网. (NYSE: TSN) is one of the world鈥檚 largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under three generations of family leadership, the company has a broad portfolio of products and brands like Tyson庐, Jimmy Dean庐, Hillshire Farm庐, Ball Park庐, Wright庐, Aidells庐, ibp庐 and State Fair庐. 91看片网 innovates continually to make protein more sustainable, tailor food for everywhere it鈥檚 available and raise the world鈥檚 expectations for how much good food can do. Headquartered in Springdale, Arkansas, the company has 122,000 team members. Through its Core Values, 91看片网 strives to operate with integrity, create value for its shareholders, customers, communities and team members and serve as stewards of the animals, land and environment entrusted to it. Visit .
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Contact:
Gary Mickelson, 479-290-6111, gary.mickelson@tyson.com