Tyson Foods logo Tyson Foods

Tyson Foods acquisition of Keystone Foods gets green light

Additional approvals required for conclusion still pending.

Nearly two months after announcing the $2.16 billion deal, Marfrig Global Foods S.A. said its sale of Keystone Foods to Tyson Foods has been approved by the U.S. antitrust authority as well as Brazil’s National Bank for Economic & Social Development.

Marco Antonio Spada, Marfrig chief financial and investor relations officer, said other approvals required for the conclusion of the transaction are still pending.

“Marfrig will keep its shareholders and the market duly informed of any developments on this respect,” he added.

Headquartered in West Chester, Pa., Keystone supplies chicken, beef, fish and pork to some of the world’s leading quick-service restaurant chains as well as retail and convenience store channels. Its value-added product portfolio includes chicken nuggets, wings and tenders, beef patties and breaded fish fillets.

TAGS: Business
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish