Tyson Foods explores selling pizza crust businessTyson Foods explores selling pizza crust business
Company remains focused on core protein business.
March 28, 2018
As part of its strategic focus on protein, Tyson Foods Inc. said this week is exploring the sale of its pizza crust business, TNT Crust.
“We’re focused on maximizing the full potential of our core business, and this divestiture will help pave the way for growth in our protein brands,” said Sally Grimes, group president of Prepared Foods for Tyson. “We believe a potential buyer will see the value of the pizza crust business as a whole, including the TNT Crust brand, the facilities and the talented team members, and will be able to focus on its future.”
TNT Crust was founded in 1981 to serve local and regional frozen pizza manufacturers from its base of operations in northeastern Wisconsin. It operates two bakeries in Green Bay, Wis., with more than 100,000 sq. ft. of production space and annually produces more than 200 million crusts in both par-baked and self-rising varieties.
The sale of TNT Crust would include the pizza crust business of partially baked crusts, flatbreads and self-rising crusts as well as the company’s two manufacturing facilities in Green Bay, Wis. However, Tyson would retain the tortilla production from the facilities for use in other parts of its business.
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