Report: Tyson to Buy Keystone Foods for $2.5 Billion
This morning Reuters is reporting that Tyson Foods is acquiring Keystone Foods, a U.S.-based chicken processor, from Marfrig Global Foods SA for $2.5 billion. Neither Tyson Foods nor the Brazilian meatpacker commented on the report.
According to Reuters, Marfrig’s controlling shareholder Marcos Molina signed the deal Thursday evening.
In June, Tyson acquired organic chicken producer Tecumseh Poultry, LLC, but the terms of this deal were not disclosed.