Tyson Foods Inc. announced it has acquired a minority stake in Protix, a global insect ingredients company, to support the industry’s growth.
The agreement uses Tyson’s global scale and Protix’s technology to create sustainable proteins and lipids in the global food system, according to a news release.
The two companies will also build a production facility in the U.S., manufacturing food byproducts into insect proteins and lipids, which will primarily be used in the pet food, aquaculture and livestock industries.
“The insect lifecycle provides the opportunity for full circularity within our value chain, strengthening our commitment to building a more sustainable food system for the future,” said John R. Tyson, chief financial officer of Tyson Foods.
