Tyson puts more in Beyond Meat

Tyson Foods, Inc. announced it has made an additional investment in plant-based protein producer, Beyond Meat. Through Tyson’s venture capital fund, the company chose to participate in Beyond Meat’s most recent fundraising initiative, which is designed to generate additional capital to help the business continue to expand its product portfolio and distribution. While the terms are not being disclosed, Tyson Foods’ latest investment slightly increases its ownership stake in Beyond Meat from the 5 percent established a year ago. “Global demand for all protein remains high and we’re passionate about meeting that demand sustainably,” said Justin Whitmore, executive vice president corporate strategy and chief sustainability officer of Tyson Foods.