2023-05-23 06:39:36 ET
Tyson Foods ( NYSE: TSN ) announced on Tuesday that the company completed the previously announced acquisition of Williams Sausage Company.
The acquisition is anticipated to furthering Tyson's ( TSN ) strategy to increase its capacity and product portfolio. Financial terms of the deal were not disclosed.
“This acquisition aligns with our strategy to win with customers, augments our manufacturing capabilities, and expands our product portfolio," noted Tyson Foods Group President Stewart Glendinning. He noted that Williams Sausage Company will bring real strengths in its brand, facilities, and direct store delivery network.
Williams Sausage Company employs approximately 500 team members and produces fresh and fully cooked sausage, bacon, and sandwiches for retail and food service customers.
More on Tyson Foods:
- Tyson Foods: Deep Drop After Earnings Presents Opportunity
- More articles from Seeking Alpha analysts
- Growth metrics on Tyson Foods
- Tyson earnings call presentation
- Seeking Alpha's Quant Rating for Tyson Foods
For further details see:
Tyson Foods closes on deal for Williams Sausage Company