Tyson Foods committed to red meat
Tyson branded, value-added Chicken and Prepared Foods business units are focused on innovation and brand building.
by Keith Nunes, MEAT+POULTRY
May 19, 2017
NEW YORK — Tyson Foods Inc.’s value-added chicken business combined with the acquisition of Hillshire Brands has created a prepared foods powerhouse. It has also given the company a diverse portfolio of businesses. On one side is the branded, value-added Chicken and Prepared Foods business units focused on innovation and brand building. On the other side is the more traditional commodity-oriented Beef and Pork businesses, which are committed to adding value to products, but also stocking the fresh meat cases of retailers with traditional cuts of beef and pork.
The diversity of the company’s portfolio prompted an analyst to ask during Tyson Foods’ May 17 presentation at the BMO Capital Markets Farm to Market Conference if management would ever consider divesting or spinning off its fresh beef and pork operations. Thomas P. Hayes, president and CEO of Tyson Foods, said it is a question that is constantly asked of the company’s management team.
“What I would share is that, as we continue to drive the business and be the most efficient we possibly can, we have a great position to continue to generate a lot of cash from that business …,” Hayes said...