Dive Brief:
- Tyson Fresh Meats Inc., a subsidy of Tyson Foods Inc., will invest $47 million into expanding its Nebraska beef processing plant, including adding another warehouse. According to the Associated Press, "Steve Stouffer, president of Tyson Fresh Meats, says the project is meant to improve the capacity of the plant's boxed beef storage and distribution systems."
- At today's Consumer Analyst Group of Europe (CAGE) annual conference in London, Tyson Foods Inc. is expected to support its fiscal 2015 guidance by explaining to analysts that the company is assured by "its branded product portfolio, operational execution and synergy capture from the acquisition of Hillshire Brands," according to StreetInsider.
- Tyson Foods also made headlines last week when its stock dropped due to avian flu concerns popping up in various states across the country.
Dive Insight:
This avian flu concern included Arkansas, its home state, after which it, and other poultry companies like JBS SA unit Pilgrim’s Pride Corp., saw its stock tumble.