Tyson Foods Commits to New Sustainable Approach to a Better Workplace
As part of Tyson Foods’ focus on sustainable food production at scale, the company has committed to expanded efforts to create a better workplace at its production facilities.
Tyson Foods to Acquire AdvancePierre Foods for 40 25 Per Share in Cash
Tyson Foods, Inc. and AdvancePierre Foods Holdings, Inc. (“AdvancePierre”) today announced that they have entered into a definitive merger agreement pursuant to which a subsidiary of Tyson will launch a tender offer to acquire all of AdvancePierre’s outstanding common shares for $40.25 per share in cash. This strategically compelling transaction provides a unique opportunity to create value by joining highly complementary market-leading portfolios.
The total enterprise value of the transaction, which has been approved by the Boards of Directors of both companies, is approximately $4.2 billion, including $3.2 billion in equity value and $1.1 billion in assumption of AdvancePierre debt. The offer price represents a 31.8 percent premium to AdvancePierre’s closing price on April 5, 2017, the most recent unaffected trading day, and a 41.6 percent premium to the company’s 60-day volume-weighted average trading price ending on April 5, 2017.
Tyson Foods Explores the Sale of Three Non-Protein Businesses as Part of Corporate Strategy
As part of its strategic focus on protein-packed brands, Tyson Foods, Inc. is exploring the sale of three non-protein businesses, the company reported today.
In February, Tyson Foods announced its strategy to sustainably feed the world with the fastest growing portfolio of protein packed brands. As the company focuses on its growth and value creation, it is exploring the sale of its Sara Lee® Frozen Bakery business, the Kettle business and Van’s®. Company officials believe the sale of these businesses will allow Tyson Foods to sharpen its focus on core businesses and expand its protein leadership position in retail and foodservice.
Tyson Foods Names Justin Whitmore as First Chief Sustainability Officer
SPRINGDALE, Ark., April 20, 2017 –Tyson Foods, Inc. (NYSE: TSN) today announced the appointment of Justin Whitmore to the newly-created role of Chief Sustainability Officer. This follows Tyson’s recent introduction of a new purpose and strategy that place sustainability at the center of the company’s future plans.
Tyson Foods Partners with Bimbo Bakeries USA Hugg and Hall to Enhance Disaster Relief Response
Tyson Foods, Inc. announced today it’s partnering with Bimbo Bakeries USA and Hugg & Hall Equipment Co. to enhance the company’s Meals that Matter® disaster relief response capabilities. The companies will collaborate to bring assistance to disaster victims and aid workers.
Since 2012, Tyson has used a custom 53-foot semi-trailer with enough refrigerated space to store up to 20,000 pounds of product for initial disaster response, and dry storage to transport supplies to set up feeding sites and support for Tyson cook teams.
As a disaster relief partner, Bimbo Bakeries USA will supply Tyson cook teams with bread, bun and roll products, as the protein primarily served on deployments is in the form of handheld sandwiches.
Tyson Foods Promotes Doug Ramsey to President, Poultry Operations
Tyson Foods, Inc.’s chief operations officer, Noel White, recently announced the promotion of Doug Ramsey to president of Poultry Operations, overseeing the company’s poultry business units. Ramsey succeeds White, who was promoted to chief operations officer in February.
Ramsey had previously served as a senior vice president in the Poultry business unit, managing a portion of the business which included servicing key foodservice national accounts, retail fully cooked Tyson branded products and the school lunch program.
Ball Park® Brand Removes Added Nitrites and Nitrates from Its Beef Hot Dogs; Eliminates By-Products and Added Fillers from Meat Line
Ball Park® brand gives hot dog enthusiasts more reasons to grill out this summer. Today, the maker of America’s number one selling beef hot dog* announced it has removed added nitrites and nitrates** from all Ball Park beef hot dogs, and eliminated by-products and added fillers from its meat line.
Tyson Foods Names Scott Stillwell Senior Vice President, Food Safety and Quality Assurance
Tyson Foods announced today that Dr. Scott Stillwell has been promoted to senior vice president, Food Safety and Quality Assurance (FSQA).
In this role, Dr. Stillwell will provide strategic leadership, direction and guidance for Tyson Foods’ global FSQA discipline, and oversee the company’s commitment to safety and quality for all Tyson Foods products.
Tyson Foods Appoints Karen Diefendorf as Director of Chaplain Services
A former military chaplain with more than 33 years of experience in ministry has been named director of chaplain services at Tyson Foods.
Karen Diefendorf will lead and direct Tyson Foods’ chaplaincy program, which includes more than 90 chaplains who provide pastoral care, counseling and support to team members at many of the company’s plant and office locations.
Jimmy Dean™ Brand Unveils Stuffed Hash Browns, A Breakfast “Day-Changer”
Breakfast will never be the same. For anyone who has mulled over a boring bowl of oatmeal or cereal and envisioned more, Jimmy Dean brand unveils the next breakfast breakthrough – Jimmy Dean Stuffed Hash Browns. Stuffed full of delicious meat and cheese, the innovative product wraps all the goodness consumers love into a portable, ready-in-minutes, ultra-crispy potato hash brown. It’s hash browns – reinvented.
Thanks to state-of-the-art crisping sleeve technology, Jimmy Dean Stuffed Hash Browns are crispy right out of the microwave. The technology, coupled with delicious flavor varieties, is changing the way consumers enjoy hash browns, where soggy has long been the standard.