Tyson Foods is acquiring Keystone Foods, a major meat supplier to fast-food chain McDonald's, in a cash deal worth $2.16bn. The move is the latest in a string of investments by Tyson, including the purchase of minority stakes in clean meat firms Memphis Meat, Future Meat Technologies and Beyond Meat. The Department of Agriculture has predicted the total US consumption of red meat and poultry will exceed 220 lbs per person in 2017.
Tyson Foods is acquiring Keystone Foods, a major meat supplier to fast-food chain McDonald's, in a cash deal worth $2.16bn. The move is the latest in a string of investments by Tyson, including the purchase of minority stakes in clean meat firms Memphis Meat, Future Meat Technologies and Beyond Meat. The Department of Agriculture has predicted the total US consumption of red meat and poultry will exceed 220 lbs per person in 2018.