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Tyson Foods to Acquire Keystone Foods for $2.16 Billion

Expands Tyson Foods’ value-added protein capabilities serving key foodservice customers
Strengthens global presence in high growth international markets

SPRINGDALE, Ark-- Tyson Foods, Inc. on Monday announced it has reached a definitive agreement to buy the Keystone Foods business from Marfrig Global Foods for $2.16 billion in cash. The acquisition of Keystone, a major supplier to the growing global foodservice industry, is Tyson Foods’ latest investment in furtherance of its growth strategy and expansion of its value-added protein capabilities.

Headquartered in West Chester, Pennsylvania, 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...

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