Tyson Foods acquired Keystone Foods for $2.16bn.

Tyson Foods, an American multinational corporation based in Springdale, Arkansas, acquired Keystone Foods, which supplies chicken, beef, fish and pork to some of the world’s leading quick-service restaurant chains, from Marfrig Global Foods for $2.16bn. “Keystone is a leading global protein company and will be a great addition to Tyson Foods,” said Tom Hayes, president and CEO of Tyson Foods. “This acquisition will expand our international presence and value-added production capabilities and help us deliver more value to our foodservice customers. Keystone provides a significant foundation for international growth with its in-country operations, sales and distribution network in high growth markets in the Asia Pacific region as well as exports to key markets in Europe, the Middle East and Africa. We look forward to serving customers with these additional capabilities and to welcoming Keystone’s dedicated team members to the Tyson Foods family.”