Tyson Foods, the biggest meat processor in the US, is throwing its support behind a company that aims to make veggie burgers indistinguishable from real beef.
The parent company behind Jimmy Dean, Hillshire Farm, and Ball Park Franks announced Monday it's investing an undisclosed amount for a 5% stake in Beyond Meat as part of an effort to take plant-based "meat" mainstream, the New York Times reports,
Until recently, veggie burgers resembled pan-fried Frisbees more closely than beef.
McDonalds doesn't sell veggie burgers because people don't buy them. That might have something to do with the fact that most pre-made veggie burgers taste vaguely like cardboard. But now that startups like Beyond Meat and Impossible...
Tyson Foods formally struck a deal to buy Hillshire Brands for $7.7 billion on Wednesday, weeks after winning a quick bidding war for the company, which makes Jimmy Dean sausages.
Hillshire Brands, the company that manufactures Jimmy Dean sausages but Ball Park hot dogs, is expected to declare Tyson the victor of a bidding war over itself, a person briefed on the matter said on Sunday.
Tyson Foods Inc. has offered $6.1 billion to buy Hillshire Brands, maker of Jimmy Dean sausage and Ball Park hot dogs. And Tungsten Corp. has received regulatory approval for the formal change of control in regards to the acquisitio...