Tyson Foods set to acquire Keystone Foods

Tyson Foods, Inc. has reached a definitive agreement to buy the Keystone Foods business from Marfrig Global Foods for $2.16 billion in cash. The acquisition includes six processing plants and an innovation center in the US, as well as eight plants and three innovation centers in China, South Korea, Malaysia, Thailand and Australia. 

Tyson Foods’ board of directors has approved the transaction, which is expected to close in mid-fiscal 2019, subject to customary closing conditions, including regulatory approvals.