M&A Deal Summary

Tyson Foods Acquires Keystone Foods

On August 20, 2018, Tyson Foods acquired food company Keystone Foods from Marfrig Alimentos SA for 2.2B USD

Acquisition Highlights
  • This is Tyson Foods’ 12th transaction in the Food sector.
  • This is Tyson Foods’ 3rd largest (disclosed) transaction.
  • This is Tyson Foods’ 13th transaction in the United States.
  • This is Tyson Foods’ 3rd transaction in Pennsylvania.

M&A Deal Summary
Date 2018-08-20
Target Keystone Foods
Sector Food
Buyer(s) Tyson Foods
Sellers(s) Marfrig Alimentos SA
Deal Type Divestiture
Deal Value 2.2B USD

Target

Keystone Foods

West Chester, Pennsylvania, United States
Keystone Foods LLC is a global manufacturer of protein products and a custom foodservice distributor, primarily to the quick services restaurant industry in the U.S., Europe, Asia and Latin America. The company operates 54 facilities in 13 countries that serve approximately 31,000 restaurants worldwide. In the United States, Keystone is the largest provider of chicken and beef products, the second largest provider of fish products and the third largest distributor to the McDonald’s System. Other key accounts for Keystone include YUM! Brands, ConAgra, and Quizno’s.

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Buyer(S) 1

Buyer

Tyson Foods

Springdale, Arkansas, United States
Category Company
Founded 1935
Sector Food
Employees139,000
Revenue 52.9B USD (2023)
DESCRIPTION

Tyson Foods produces, distributes, and markets chicken, beef, pork, prepared foods, and related allied products worldwide. Tyson Foods operates a fully vertically integrated poultry production process. The Company's integrated operations consist of breeding stock, contract growers, feed production, processing, further-processing, marketing and transportation of chicken and related allied products, including animal and pet food ingredients. Tyson also processes live fed cattle and hogs and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, case ready beef and pork and fully-cooked meats. Finally, Tyson produces a wide range of fresh, value-added, frozen and refrigerated food products. Tyson Foods was founded in 1935 and is based in Springdale, Arkansas.

DEAL STATS #
Overall 13 of 14
Sector (Food) 12 of 13
Type (Divestiture) 1 of 1
State (Pennsylvania) 3 of 3
Country (United States) 13 of 14
Year (2018) 3 of 3
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-10 TNT Crust

St. Charles, Missouri, United States

TNT Crust manufactures and distributes partially baked self‐rising, flatbread, and other pizza crusts for the foodservice and retail channels. The Company offers products to a diverse customer base of blue-chip restaurants, pizza manufacturers, and food service distributors. TNT Crust was formed in 1981 and is based in Green Bay, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-14 Tyson Foods’ Pet Treats Business

Springdale, Arkansas, United States

Tyson Foods’ Pet Treats Business is a provider of natural pet treats including the NUDGES, TRUE CHEWS, and TOP CHEWS brands, as well as a production facility in Independence, Iowa.

Sell $1.2B

Seller(S) 1

SELLER

Marfrig Alimentos SA

Sao Paulo, Brazil
Category Company
Sector Food
DESCRIPTION

Marfrig Alimentos S.A. operates in the food and food service sectors in Brazil and internationally. The company operates through two segments, Marfrig Beef and Seara Foods.

DEAL STATS #
Overall 2 of 2
Sector (Food) 2 of 2
Type (Divestiture) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-09 National Beef Packing Company

Kansas City, Missouri, United States

National Beef Packing Company LLC is a beef processor. National Beef Packing processes and markets fresh beef, beef- and pork-based ready-to-eat meals, beef by-products and leather in the domestic and international markets. National Beef Packing Company LLC was established in 1992 and is based in Kansas City, Missouri.

Buy $2.3B
Mergr

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