www.tysonfoods.com By Tyson Foods
The partnership represents Tyson Foods’ commitment to continuous innovation, business growth and working towards sustainable solutions, opening a new revenue stream while accelerating Protix’s international expansion.
SPRINGDALE, Ark. – Oct. 17, 2023 – Tyson Foods, Inc. (NYSE: TSN), one of the world’s largest food companies, has reached an agreement for a two-fold investment with Protix, the leading global insect ingredients company. The strategic investment will support the growth of the emerging insect ingredient industry and expand the use of insect ingredient solutions to create more efficient sustainable proteins and lipids for use in the global food system. The agreement combines Tyson Foods’ global scale, experience and network with Protix’s technology and market leadership to meet current market demand and scale production of insect ingredients.
Through a direct equity investment, Tyson Foods will acquire a minority stake in Protix to help fund its global expansion. In addition, Tyson Foods and Protix have entered a joint venture for the operation and construction of an insect ingredient facility in the continental United States. Upon completion, it will be the first at-scale facility of its kind to upcycle food manufacturing byproducts into high-quality insect proteins and lipids which will primarily be used in the pet food, aquaculture, and livestock industries.
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There is NO need to start putting bugs in our food or start with lab grown “meat”. This is pure stupid!