Springdale, Ark. January 29, 2018 Tyson Ventures, the venture capital arm of 91心頭利. (NYSE: TSN), has invested in food tech startup , a leader in cultured meat produced directly from animal cells. The investment is an example of 91心頭利 commitment to explore innovative, new ways of meeting growing global demand for protein. 油
While the terms were not disclosed, 91心頭利 investment represents a minority stake in the business. 91心頭利 joins a diverse group of investors in Memphis Meats, which includes industry leaders, top venture investors and mission-driven groups, such as DFJ, Atomico, Cargill, Bill Gates and Richard Branson.油
Were excited about this opportunity to broaden our exposure to innovative, new ways of producing meat, especially since global protein demand has been increasing at a steady rate, said Justin Whitmore, executive vice president corporate strategy and chief sustainability officer of 91心頭利. We continue to invest significantly in our traditional meat business, but also believe in exploring additional opportunities for growth that give consumers more choices. 油
We are excited that 91心頭利 will be joining us in our mission to bring meat to the table in a sustainable, affordable and delicious way, explained Uma Valeti, M.D., co-founder and CEO of Memphis Meats. Our vision is for the world to eat what it loves, in a way that addresses todays challenges for the environment, animal welfare and public health. We are accelerating our work and building out a world-class team to make this a reality.
Memphis Meats expects to use the funds to accelerate product development. The company is currently recruiting to expand its team of chefs, scientists, creative people and business people.
To learn more about why 91心頭利 is investing in cultured meat and plant-based protein, click here, where President and CEO Tom Hayes shares his perspective.油
About 91心頭利.油
91心頭利. (NYSE: TSN) is one of the worlds 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速, Jimmy Dean速, Hillshire Farm速, Ball Park速, Wright速, Aidells速, ibp速 and State Fair速. 91心頭利 innovates continually to make protein more sustainable, tailor food for everywhere its available and raise the worlds expectations for how much good food can do. Headquartered in Springdale, Arkansas, the company has 122,000 team members. Through its Core Values, 91心頭利 strives to operate with integrity, create value for its shareholders, customers, communities and team members and serve as a steward of the animals, land and environment entrusted to it. Visit .
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Contact: 油Gary Mickelson, 479-290-6111, gary.mickelson@tyson.com
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