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Tyson to Help Meet Growing Demand for U.S. Pork by Prohibiting Ractopamine Use
In an effort to meet growing global demand for U.S. pork, Tyson Fresh Meats , the beef and pork subsidiary of Tyson Foods, Inc., today announced plans to prohibit the use of ractopamine in the market hogs it buys from farmers beginning in February 2020 .
Ractopamine is a feed ingredient that helps increase the amount of lean meat in hogs. While it is FDA-approved and considered safe for use, some countries such as China prohibit the import of pork from hogs that have been given the product.
Tyson Fresh Meats has been offering a limited amount of ractopamine-free pork to export customers by working with farmers who raise hogs without it, and...
Tyson Foods Launches Pact Brand Refrigerated Snack Bites with Functional Benefits
Tyson Foods, Inc. has launched a new line of functional refrigerated protein snacks under its new brand, Pact, created to help people harness the natural benefits of food.
Developed by the company’s team of nutrition and culinary experts, Pact Snack Bites are expected to tap into a growing functional food market projected to reach $100 billion in the U.S. by 2025. Functional foods have potential to offer positive effects on health and wellness and can help people fill gaps in nutrition.
Pact Snack Bites are literally packed with nutrition. Made with real fruits and nuts, they have 10-plus wholesome ingredients per serving and contain ingredients like kombucha, matcha and...
Tyson Foods Names John R. Tyson Chief Sustainability Officer
Tyson Foods announced today the appointment of John R. Tyson as Chief Sustainability Officer, effectively immediately. He will report to Noel White, President and CEO of Tyson Foods. Justin Whitmore, who has been serving as Tyson Foods’ Chief Sustainability Officer since 2017, will now turn his full attention to leading Tyson Foods’ growing alternative protein business.
Tyson will lead Tyson Foods’ efforts to support a more sustainable food system. This includes driving improvement by implementing the company’s sustainability strategy and commitments as well as managing the sustainability, animal welfare, environmental and social responsibility teams.
“I am excited to play a role in leading our company’s sustainability efforts,” said John R. Tyson. “Taking care of our people and our planet is a priority for Tyson Foods. We are uniquely positioned to lead within the global food system, and therefore we must continue...
Tyson Foods Experiencing Short-Term Challenges in Fiscal Fourth Quarter
Tyson Foods, Inc. today said it is experiencing short-term challenges that are negatively affecting fourth quarter earnings. These challenges include margin compression related to a reversal of a gain on mark to market grain derivatives recognized in our third quarter, commodity market volatility, implementation of enhanced food safety initiatives, a beef processing plant fire, and slower than expected operational improvements in the Chicken segment. As a result, the company is revising its fiscal 2019 adjusted earnings guidance to a range of $5.30 to $5.70 per share and we continue to monitor potentially adverse mark-to-market movements and other volatilities.
“The discrete challenges we’ve encountered this quarter now lead us to believe we will fall short of our previously stated guidance,” said Noel White, Tyson Foods’ president and CEO, “but our outlook for fiscal 2020 remains...
Tyson Foods Partners with Grupo Vibra to Continue its Global Growth Strategy
Buys a 40% stake in the foods division of the Brazilian poultry company
As part of its global growth strategy, Tyson Foods, Inc. (NYSE: TSN) has reached an agreement to invest in the foods division of Grupo Vibra (“Vibra Foods”), a Brazilian producer and exporter of poultry products. Once completed, the deal will give Tyson Foods more flexibility in serving customers in key global markets. Terms of the agreement were not disclosed, and the transaction is still subject to approval by Brazilian regulators.
“This investment will enable us to access poultry supplies in Brazil to meet the growing needs of Brazilian customers and of priority demand markets in Asia, Europe and the Middle East,” said Donnie King, group president, international & chief administration officer for Tyson Foods. “It’s part of our strategy to develop a more flexible supply chain and mitigate the volatility of our previous model, which relied primarily on U.S. exports.”
Since last year, Tyson Foods has...
Tyson Foods Recalls Weaver Brand Ready-To-Eat Chicken Patty Products
Tyson Foods Inc., a Pine Bluff, Ark. establishment, is recalling approximately 39,078 pounds of Weaver brand frozen chicken patty product that may be contaminated with extraneous materials, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.
The frozen, fully cooked chicken items were produced on January 31, 2019. The following products are subject to recall...
Tyson Foods Appoints New Prepared Foods Leader
Tyson Foods has named Chief Marketing Officer Noelle O’Mara to lead its growing prepared foods business.
O’Mara’s new role involves managing all aspects of Tyson Foods’ $9 billion prepared foods business, which includes billion-dollar brands Tyson, Jimmy Dean, and Hillshire Farm. The job also includes oversight of one-third of Tyson Foods’ manufacturing facilities and more than 25,000 team members.
O’Mara has more than 17 years of general management experience that includes profit and loss responsibility, food marketing and innovation. She joined Tyson Foods in April 2016 as vice president, new business models. She served as general manager and senior vice president of the Tyson and Jimmy Dean business units before being named...
Tyson Foods to Rebuild Kansas Beef Plant and Pay Workers Following Fire
A fire partly destroyed the Tyson Foods beef plant in Holcomb, Kansas on Friday, August 9. The plant will be down indefinitely, however; the company plans to rebuild the plant at the same location. Officials are still assessing the damage, so it’s too early to establish a timeline, but work to clear damage has already begun.
“This is a difficult time for our team members and their families, and we want to ensure they’re taken care of,” said Steve Stouffer, group president of Tyson Fresh Meats. “Today, we will notify our full-time, active team members that they’ll be paid weekly until production resumes.”
Stouffer said the team members may be called on to work during this time to help with clean-up and other projects, but regardless of the hours worked, all full-time active employees are...
Kansas Beef Plant Fire Could Weigh on Cattle Market Near-Term
A large fire occurred Friday at the Tyson Foods beef plant in Holcomb, Kansas, forcing the evacuation of all workers and closure of the facility for an undetermined period.
The loss of that plant means that, at least temporarily, the industry will likely process around 6,000 fewer cattle per day, which could weigh on the cash market and possibly near-term futures as well. The market could react bearishly to the news since fed cattle supplies will have to be absorbed by fewer plants operating for an as yet undetermined time. However, less beef output could also push up wholesale prices for beef.
The industry has been processing an average of about...
New Facility to Boost Tyson Foods’ Automation and Robotics Efforts
Tyson Foods, Inc. (NYSE: TSN) has created a new, state-of-the-art facility designed to help the company develop more automation and robotics for its food production plants.
The Tyson Manufacturing Automation Center (TMAC) officially opened in downtown Springdale today. The center provides space for the development of new manufacturing solutions and collaboration with the company’s information technology team and equipment suppliers. It also serves as a location for team member training on new technology.
The investment is part of Tyson Foods’ focus on continuous improvement. The development of new technology and processes will help improve...
Tyson Foods Reports Third Quarter Fiscal 2019 Results
Tyson Foods, Inc., one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, today reported the following results:
First Nine Months Highlights
•GAAP EPS of $4.51, down 33% from record prior year (prior year included a one-time tax benefit of $2.71)•Adjusted EPS of $4.25, down 7% from record prior year•GAAP operating income of $2,223 million; Adjusted operating income of $2,291 million•Total Company GAAP operating margin...
Tyson Foods: We’re Activating the Ingredients for More Growth
Tyson Foods, Inc. (NYSE: TSN) continues to meet changing consumer needs and is well-positioned for long-term, sustainable growth, company officials told investors and analysts today during Tyson Foods’ Investor Day at the New York Stock Exchange.
Chairman John Tyson, President and CEO Noel White and members of the company’s senior management team spoke at the event, which showcased the strength of Tyson’s diversified portfolio, execution of its long-term growth strategy, efforts to increase its value-added product offerings, continued innovation in food and sustainability, and expansion into new global markets.
“We’re poised for long-term growth because we understand consumers and can meet their needs through a broad portfolio of diverse products,” said White. “As we look ahead, prepared foods and value-added chicken are expected to be...
Tyson Foods Unveils Alternative Protein Products and New Raised & Rooted Brand
As part of efforts to expand its protein offerings, Tyson Foods, Inc. (NSYE: TSN) today introduced the company’s first plant-based and blended products, along with its new Raised & Rooted® brand. The initiative makes Tyson Foods the largest U.S. meat producer to enter the growing alternative protein segment with its own products.
TheRaised & Rooted brand was created to provide great-tasting plant-based and blended foods that are rooted in how people eat today. The initial products under this new brand, which will launch with several major retail customers this year, include plant-based nuggets as well as blended burgers made with a combination of beef and plants. In addition, the company’s existing Aidells® brand has launched Aidells Whole Blends™ sausage and meatballs, made with chicken and plant-based ingredients.
Tyson Foods expects to introduce additional alternative protein products through multiple customers and sales channels. This includes...
Tyson Foods Inc Recalls Ready-To-Eat Chicken Fritter Products
Tyson Foods, Inc., a New Holland, Pa. establishment, is recalling approximately 190,757 pounds of ready-to-eat chicken fritter products that may be contaminated with extraneous materials, specifically hard plastic, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.
The frozen ready-to-eat chicken fritter items were produced on February 28, 2019. The following products are subject to recall...
Tyson Foods Completes Acquisition of Thai and European Businesses from BRF S.A.
Tyson Foods, Inc. (NYSE: TSN) announced today the successful completion of the acquisition of the Thai and European businesses from BRF S.A. The purchase includes four production facilities in Thailand, and one each in the Netherlands and the United Kingdom. These businesses build on the company’s growth strategy to expand offerings of value-added protein in global markets.
“The addition of this experienced and talented team combined with these businesses strengthens our capabilities and increases our reach to new markets. I’m glad to welcome them to the Tyson Foods family,” said Noel White, president and CEO of Tyson Foods. “We’re now strategically aligned to better serve customers in Europe, the Middle East, and Asia, building on our global strategy.”
It’s estimated that approximately 90 percent of global protein consumption growth will occur outside the United States, with 60 percent of the volume growth coming from...
Tyson Foods Names Noelle O’Mara Chief Marketing Officer
O’Mara, who has more than 17 years of food marketing experience, joined Tyson Foods in April 2016 as vice president, new business models. She most recently served as general manager and senior vice president of two of the company’s billion dollar brands, Jimmy Dean® and Tyson®.
In her new position, O’Mara reports to President and CEO Noel White and is responsible for innovation and brand building across the enterprise to support the company’s overall growth strategy. This includes overseeing consumer insights and analytics, research and development, innovation and marketing effectiveness...
Tyson Foods Accelerates Programs to Meet Ambitious Sustainability Goals
Tyson Foods (NYSE: TSN) released its 2018 sustainability report today, demonstrating progress and increased transparency across key sustainability measures, including farming practices, worker health and safety, hunger relief and more.
The company accomplished the following in 2018:
Tyson Foods Inc Recalls Chicken Strip Products
Tyson Foods, Inc., a Rogers, Ark. establishment, is recalling approximately 11,829,517 million pounds of frozen, ready-to-eat chicken strip products that may be contaminated with extraneous materials, specifically pieces of metal, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.
The frozen, ready-to-eat chicken strip items were produced on various dates from Oct. 1, 2018 through March 8, 2019 and have “Use By Dates” of Oct. 1, 2019 through March 7, 2020. The following products are subject to recall...
Tyson Foods Reports Strong Second Quarter Fiscal 2019 Results
Tyson Foods, Inc. (NYSE: TSN), one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, today reported the following results:
First Six Months Highlights
Tyson Foods, Inc. Recalls Chicken Strip Products
Tyson Foods, Inc., a Rogers, Ark. establishment, is recalling approximately 69,093 pounds of frozen, ready-to-eat chicken strip products that may be contaminated with extraneous materials, specifically pieces of metal, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced today.
The frozen, ready-to-eat chicken strip items were produced on November 30, 2018. The following products are subject to recall ...
Tyson Fresh Meats and IdentiGEN Collaborate to Trace Beef Using DNA Technology
Tyson Fresh Meats, the beef and pork subsidiary of Tyson Foods, Inc. (NYSE: TSN), is collaborating with IdentiGEN to use DNA technology to trace beef back to the individual animal of origin. IdentiGEN’s signature DNA TraceBack® system will be a key tool to trace the cattle raised for Tyson’s Open Prairie® Natural Angus Beef.
A DNA sample from cattle entering the Open Prairie program will be used to trace the origin of individual cuts of beef as they move through the supply chain. The DNA TraceBack process is intended to assure customers that the Open Prairie beef products they buy were sourced from ranches where the cattle were raised to meet specific requirements, such as no antibiotics ever and no added hormones.
“This is about meeting growing demand for more transparency about how food is produced,” said Kent Harrison, vice president of marketing and premium programs at Tyson Fresh Meats. “Through DNA TraceBack, we’re providing ...
Tyson Foods First Major Company to Receive Poultry Handling and Transportation Certification
As part of its commitment to animal welfare, Tyson Foods, Inc. (NYSE: TSN) has implemented a third-party certification program to help ensure the proper handling and transportation of birds in its chicken business. The company is the first major chicken producer to implement Poultry Handling and Transportation (PHT) certification offered by the U.S. Poultry & Egg Association (USPOULTRY).
The PHT certification is in addition to the animal welfare training Tyson Foods already requires for frontline workers involved in handling and transporting live birds. PHT focuses on important areas such as ...
Tyson Fresh Meats Team Unveils New Chairman’s Reserve Prime Beef Offering and Fresh Look
February 28, 2019 Tyson Fresh Meats, the beef and pork experts™, is excited to reveal a new Chairman’s Reserve Prime beef offering and refreshed brand look. Chairman’s Reserve Meats is known for providing high-quality products.
“Our USDA Prime quality grade beef keeps in step with the exacting standards of our Prime Pork counterpart,” explained Ozlem Worpel, senior brand manager of Tyson Fresh Meats. The Prime Beef offering boasts strict specifications that require a Ribeye Area of 10 - 16 square inches and a hot carcass weight of less than 1,050 lbs. “It’s a welcome addition to an already-impressive portfolio.”
Chairman’s Reserve Meats now consists of Premium and Prime: a two-tier, dual-protein mix marked by different scoring specifications.
Along with an exciting new offering, the Chairman’s Reserve Meats team revealed a ...
Tyson Foods to Acquire Thai and European Operations from BRF S.A.
Tyson Foods, Inc. (NYSE: TSN) today announced a definitive agreement to acquire the Thai and European operations of BRF S.A. The $340 million (USD) purchase includes four processing facilities in Thailand, one processing facility in the Netherlands and one processing facility in the United Kingdom. This deal builds on the company’s growth strategy to expand offerings of value-added protein in global markets.
“As noted when we acquired Keystone Foods on November 30, we believe some of our biggest growth opportunities are in value-added foods and international markets,” said Noel White, president and CEO of Tyson Foods. “In addition to domestic benefits, the Keystone acquisition provided us with ...
Tyson Foods and EDF Launch Partnership to Accelerate Sustainable Food Production
Tyson Foods, Inc. (NYSE:TSN) and Environmental Defense Fund (EDF) today announced a new partnership to develop and deploy initiatives that support Tyson’s sustainability strategy and help meet increasing consumer demand for more sustainably grown food.
The partnership’s first project focuses on land stewardship and aims to pilot and scale agriculture practices on 500,000 acres of corn that reduce greenhouse gas emissions (GHG), improve water quality and maximize farmer profitability. This effort will also help Tyson meet its land stewardship goal of ...
Tyson Foods Announces Executive Changes following Keystone Acquisition
As part of the integration of recently acquired Keystone Foods and the company’s global growth efforts, Tyson Foods, Inc. (NYSE: TSN) today announced changes to the enterprise leadership team that reports directly to President and CEO Noel White, effective January 28, 2019. They include:
Tyson Foods Completes Acquisition of Keystone Foods
Purchase supports Tyson Foods’ valued-added and international growth strategies
Tyson Foods, Inc. (NYSE: TSN) has successfully completed the acquisition of Keystone Foods from Marfrig Global Foods. The purchase of Keystone, a leading supplier of chicken, beef, fish and pork to the growing global foodservice industry, aligns with Tyson Foods’ domestic and international growth strategy.
“Our biggest growth opportunities are in value-added foods and international markets. Our acquisition of Keystone helps us achieve both,” said Noel White, president and CEO of Tyson Foods. “The addition of Keystone’s team, industry expertise and international operations strengthens our capabilities. I’m pleased to welcome our newest team members ...
Jimmy Dean Brand Petitions Merriam-webster to Change the Definition of Sandwich
This National Sandwich Day, Jimmy Dean Brand Calls for Recognition of all Types of Sandwiches – Bread and Breadless Alike – in Honor of Jimmy Dean Delights® Egg’wich
The Jimmy Dean® brand believes the current definition of sandwich is stale. Americans’ culinary preferences are evolving, with more than one in three Americans* vowing to eat less bread in the new year. In fact, a recent study* found that half of Americans have eaten a breadless sandwich. Timed to National Sandwich Day (November 3) and the launch of the Jimmy Dean Delights® Egg’wich sandwich, Jimmy Dean brand is calling on Americans to help get all sandwiches a seat at the dictionary’s proverbial kitchen table – and SIGN A PETITION to update the definition of sandwich to represent both bread and breadless options...
Tyson Foods Expands OneEgg Partnership to Nepal, Honduras, and Ethiopia
One million children under 5 years of age in Nepal (or 36 percent of the population) suffer chronic malnutrition and 10 percent suffer from acute malnutrition. The difficulty in acquiring protein is a contributing factor to the nutrition gap in the south Asian country. In an effort to help combat those issues in Nepal, as well as Honduras and Ethiopia, Tyson Foods, Inc. (NYSE: TSN) announced today a series of grants to OneEgg, a non-profit organization that delivers eggs to children in need.
The investment in Nepal focuses on building the capacity of local farmers to supply eggs to 12 schools and 700 children, with a goal of reaching 7,000 children over the next two years. Employees of Cobb-Vantress, a wholly-owned subsidiary of Tyson Foods, will provide technical assistance and training to farmers and Tyson Foods will contribute...
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