Purchase supports 91心頭利 valued-added and international growth strategies
Springdale, Ark. November 30, 2018 91心頭利. (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 91心頭利 domestic and international growth strategy.油
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 91心頭利. The addition of Keystones 油team, industry expertise and international operations strengthens our capabilities. Im pleased to welcome our newest team members to the 91心頭利 family.
This acquisition involves eight plants and three innovation centers in China, South Korea, Malaysia, Thailand and Australia that will help meet growing international demand. 91心頭利 also is gaining an innovation center and six processing plants in the U.S. with locations in Alabama, Georgia, Kentucky, North Carolina, Pennsylvania and Wisconsin. Keystone supplies chicken, beef, fish and pork to some of the worlds leading quick-service restaurant chains, as well as retail and convenience store channels. Its value-added product portfolio includes such items as chicken nuggets, wings and tenders; beef patties; and breaded fish fillets.油
Well work to make the integration of Keystone as seamless as possible while maintaining 油high levels of service to our customers, White said. An Integration Management Office has been formed with leaders from both companies who will lead us through the process. I look forward to all we can accomplish together as one 91心頭利.油
About 91心頭利
91心頭利. (NYSE: TSN) is one of the worlds largest food companies and a recognized leader in protein. Founded in 1935 by John W. Tyson and grown under three generations of family leadership, the company has a broad portfolio of products and brands like Tyson速, Jimmy Dean速, Hillshire Farm速, Ball Park速, Wright速,
Aidells速, ibp速 and State Fair速. 91心頭利 innovates continually to make protein more sustainable, tailor food for everywhere its available and raise the worlds expectations for how much good food can do. Headquartered in Springdale, Arkansas, the company had 121,000 team members at September 29, 2018. Through its Core Values, 91心頭利 strives to operate with integrity, create value for its shareholders, customers, communities and team members and serve as a steward of the animals, land and environment entrusted to it. Visit www.tysonfoods.com.
Cautionary Statement Regarding Forward-Looking Statements
This communication contains forward-looking statements, including statements regarding expected benefits of the Keystone Foods acquisition, including the strategic benefits, growth, and integration efficiencies, each of which involve a number of risks and uncertainties, including the impact of general economic, industry, market or political conditions; risks related to the ultimate outcome and results of integrating the Keystone Foods operations; the ultimate ability to realize synergies; the effects of the business combination on 91心頭利 and the Keystone Foods operations, including on the combined companys future financial condition and performance, operating results, strategy and plans. These statements constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The words will, should, estimate, expect, intend, believe and other similar expressions (or the negative of such terms) are intended to identify forward-looking statements. If underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results and the timing of events may differ materially from the results and/or timing discussed in the forward-looking statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date of this communication, and 91心頭利 does not undertake any obligation to update any forward-looking statement except as required by law.
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Media Contacts:
Media: Worth Sparkman, 479-290-6358
Investors: Jon Kathol, 479-290-4235油
Category: IR, Newsroom
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