US meat processor, Tyson Foods, has taken a 5% stake in Beyond Meat, a company that makes meat substitutes from plant proteins. The deal is expected to close by the end of this year. The company also makes "chicken strips" and ready meals. Tyson Foods said its investment will help Beyond Meat extend its range of products and distribution networks. In return, Tyson Foods gets a stake in the fast-growing meat substitutes market. A new generation of entrepreneurs is taking a high-tech approach to developing foods with a lower environmental impact than animal protein.
US meat processor, Tyson Foods, has taken a 5% stake in Beyond Meat, a company that makes meat substitutes from plant proteins. Beyond Meat's flagship product, the Beyond Burger, is made from pea protein, beetroot juice and coconut oil. The company also makes "chicken strips" and ready meals. Tyson Foods said its investment will help Beyond Meat extend its range of products and distribution networks. In return, Tyson Foods gets a stake in the fast-growing meat substitutes market. A new generation of entrepreneurs is taking a high-tech approach to developing foods with a lower environmental impact than animal protein.