Tyson Foods has picked up a 5% stake in vegan food producer Beyond Meat, which reportedly received $17m from investors including General Mills last year.
Food producer Tyson Foods acquired a 5% stake in Beyond Meat, a US-based developer of high-protein vegan food products, yesterday for an undisclosed amount.
Beyond Meat produces a range of meat-free, non-GMO food products including burgers, ready meals and chicken substitutes, which are sold in roughly 11,000 outlets in the US.
The funding provided by Tyson, reportedly the largest meat processor in the US, will support the expansion of Beyond Meat’s distribution capabilities and product range.
Monica McGurk, Tyson Foods’…
