Tyson Foods Inc. is in exclusive talks with Brazil’s Marfrig Global Foods to buy Keystone Foods, a U.S. supplier of chicken to McDonald’s, one source with knowledge of the matter said on Friday.
Marfrig, which acquired Keystone eight years ago for $1.26 billion, expects to sell the unit for more than double that – a price of up to $3 billion. Among the groups interested in Keystone were Cargill Inc CARG.UL and Cofco Corp CNCOF.UL, Reuters has reported. Bloomberg reported earlier on Friday that Tyson entered into exclusive talks for the deal.
By Tatiana Bautzer and Siddarth Cavale
Source: Reuters
The facility is designed to foster innovation and deepen collaboration with customers, by offering a range of new services and solidifying its role as a central hub for customer support. Tereos’ team, supported by a network of 50 scientists, will ensure customers can innovate and meet the rising consumer demand for healthier and more sustainable products.
Glanbia has agreed to acquire Flavor Producers from Aroma Holding for an initial consideration of $300 million. Flavor Producers is a US-based flavour platform, providing flavours and extracts to the F&B industries, with a focus on organic and natural ingredients.
Lesnard, who previously worked at Nike, The North Face and Sephora, has a mission to “grow and sustain GODIVA’s position and expertise in the premium chocolate category, leveraging ongoing support from pladis to take GODIVA and its legendary chocolate to new heights.”
