Tyson Foods Morphing Into Modern Food Company

Tyson Foods is not your grandfather’s chicken processor or your dad’s meat company. The Springdale-based protein titan says it continues transforming into a higher-margin, modern food company. CEO Tom Hayes said the past year has been one of change with the company making significant progress in its transformation.

“It was a great year, exceptional record year for Tyson Foods. We have a new purpose for the company and continue to flush out various initiatives around our three main goals to grow, deliver and sustain,” Hayes said during a call with the media following Monday’s earnings announcement.

One of the ways Tyson Foods is growing is via acquisition. The company also announced Monday the recent purchase of Original Philly Holdings for an undisclosed price. The Philadelphia-based maker of raw and fully-cooked Philly-style sandwich steak and cheese steak appetizer products will be part of Tyson Foods’ diverse prepared foods segment.    MORE

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