Tyson Foods Sells Pizza Crust Business

Tyson Foods

Springdale-based Tyson Foods noted in a federal filing Thursday (Aug. 9) an agreement to sell its pizza crust business to private equity firm Austin, Texas-based Peak Rock Capital. Tyson did not release financial terms, but said the transaction is slated to close next month.

The sale includes TNT Crust, a business founded in 1981 that produces partially-baked and self-rising pizza crusts for frozen pizza manufacturers and foodservice customers. The more than 400 people employed at two manufacturing facilities in Green Bay, Wisc., are expected to continue with the company under the new owner.

“TNT Crust is a solid business supported by a great team, however, our strategy is focused on expanding Tyson Foods’ leadership position in protein,” said Sally Grimes, Group President, Prepared Foods. “We’re pleased Peak Rock Capital plans to continue operating the business and provide continued opportunities for the workforce. We intend to work closely with them to ensure a smooth ownership transition for everyone, including our team members and customers.”   MORE

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