The investment, provided by Beyond Meat through a fundraising initiative, will provide additional capital to help the company expand its product portfolio and distribution. Beyond Meat will remain an independent, privately held company headed by Founder and CEO Ethan Brown.
Oh, Mr. Brown said, ‘This investment by Tyson Foods underscores the growing market for plant proteins. I am pleased to welcome Tyson as an investor and look forward to leveraging this support to increase the availability of plant protein choices to consumers ”
Tyson Foods Executive Vice President of Strategy and New Ventures & President of Food Service, Monica McGurk, said, “We are very excited about this investment, which gives us exposure to a fast-growing protein market segment. It satisfies our desire to offer choices to consumers and to consider how we can serve an ever-growing and diverse global population, while remaining focused on our core prepared food and animal protein business. ”
Beyond Meat also secured funding from investors, including the United States Humane Society, Bill Gates and Kleiner Perkins, as part of this or previous round of fundraising.
The terms of the agreement shall not be disclosed
On Beyond Meat
Beyond Meat, based in El Segundo, California, is a privately held company at the cutting edge of plant protein innovation. Beyond Meat is committed to delivering the future of protein; allowing consumers to eat more, not less, of the traditional dishes they love while feeling great about the health, sustainability and animal welfare benefits of plant proteins. Beyond Meat is available in over 11,000 stores across the country. Visit the www site BeyondMeat: Come, Twitter @BeyondMeat or Facebook Come/BeyondMeat
About Tyson Food
Tison Foods, Inc. (NYSE:TSN), headquartered in Springdale, Arkansas, is one of the world’s largest food companies with leading brands such as Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and the State Fair. It is a well-known market leader in chicken, beef and pork as well as prepared food, including bacon, breakfast sausage, turkey, lunch meat, hot dogs, pizza crusts and toppings, tortillas and desserts. The company supplies retail and food service customers across the United States and around 130 countries. Tyson Foods was founded by John W in 1935. Tyson, whose family has continued to run the business with his son, Don Tyson, who has been in charge of the company for many years, and his grandson, John H. Tyson, acting as current Chairman of the Board of Directors The company currently has approximately 113,000 Team Members employed at more than 400 locations and offices in the United States and around the world. By means of its Core Values, Code of Conduct and Team Member Bill of Rights, Tyson Foods strives to operate with integrity and trust and is committed to creating value for its shareholders, customers and team members. The company also strives to be trustworthy, to provide a safe working environment and to serve as stewards of the animals, the land and the environment entrusted to it.
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