Tyson Foods explores sale of non-protein businesses as part of corporate strategy
As part of its strategic focus on protein-packed brands, Tyson Foods, Inc. is exploring the sale of three non-protein businesses, the company reported.
In February, Tyson Foods announced its strategy to sustainably feed the world with the fastest growing portfolio of protein packed brands. As the company focuses on its growth and value creation, it is exploring the sale of its Sara Lee Frozen Bakery business, the Kettle business and Van’s. Company officials believe the sale of these businesses will allow Tyson Foods to sharpen its focus on core businesses and expand its protein leadership position in retail and foodservice.