Tyson Foods ends investment in plant-based protein startup Beyond Meat

Beyond Meat Vegan Food

Tyson Foods, the US meat producer, has exited its investment in Beyond Meat, the alternative protein company which is due to go public at the start of May.

Beyond Meat on [April 22] said it is aiming to raise as much as $184m with an initial public offering [in May 2019] that will value it at more than $1bn. Tyson had a 6.5 per cent stake in the California-based company before its sale.

Tyson said it was “pleased” with its investment in Beyond Meat and had decided the time was right to exit. “Beyond Meat provided an early opportunity for Tyson Ventures to invest in plant-based protein products that many consumers are seeking. We wish the leadership of Beyond Meat all the best.”

Related article:  How is India's organic-only farming experiment in Sikkim going? Peering past the propaganda, not so sustainably.

The stake sale comes as the meat company is planning to launch an alternative protein product later this year.

ADVERTISEMENT

Read full, original article: Tyson sells stake in Beyond Meat ahead of IPO

Outbreak Daily Digest
Biotech Facts & Fallacies
GLP Podcasts
Infographic: Here’s where GM crops are grown around the world today

Infographic: Here’s where GM crops are grown around the world today

Do you know where biotech crops are grown in the world? This updated ISAAA infographics show where biotech crops were ...
News on human & agricultural genetics and biotechnology delivered to your inbox.
glp menu logo outlined

Newsletter Subscription

* indicates required
Email Lists
Send this to a friend