• The Wall Street Journal reports that “Tyson Foods is making a push into organic chicken, striking a deal to acquire the Smart Chicken brand,” a move that “ broadens Tyson’s organic offerings, as rival meat companies pursue their own deals and shift more of their poultry toward a market where sales are growing faster than conventional chicken.
“Tyson, the largest U.S. meatpacker by sales, has been migrating toward higher-profit, brand-name products, aiming to reduce its reliance on selling commodity meat, a business that tends to be less predictable and prone to market swings.”
Terms of the deal were not disclosed.
• At the same time, the Wall Street Journal writes that “private-equity firm Kohlberg & Co. is buying Tyson Foods’ Sara Lee frozen bakery and Van’s waffle businesses. Terms of those deals were not disclosed.
“Tyson, the largest U.S. meatpacker by sales, has been migrating toward higher-profit, brand-name products, aiming to reduce its reliance on selling commodity meat, a business that tends to be less predictable and prone to market swings.”
Terms of the deal were not disclosed.
• At the same time, the Wall Street Journal writes that “private-equity firm Kohlberg & Co. is buying Tyson Foods’ Sara Lee frozen bakery and Van’s waffle businesses. Terms of those deals were not disclosed.
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