Tyson Foods is buying chicken-nugget maker Keystone Foods for $2.16 billion, giving the meat and poultry marketer even more access to the restaurant industry and a bigger international reach.
Keystone, which makes McDonald’s Chicken McNuggets, among other products for fast-food chains, is being sold to Tyson by Brazil’s Marfrig Global Foods.
Tyson knows the deal means that some key customers will now have even fewer suppliers of meat — but that doesn’t mean they should worry, according to Tyson CEO Tom Hayes.
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Source: Ad Age – Marketing
