Tyson Foods Inc. has acquired 5 percent of plant-based protein producer Beyond Meat. The Springdale-based company announced the deal Monday (Oct. 10). Beyond Meat is a privately-held company based in El Segundo, California, and is the only plant-based protein producer in which Tyson Foods has invested.
Terms of the deal were not disclosed, but money from the investment will help Beyond Meat expand the number of its products and distribution, according to a news release. The company, led by founder and CEO Ethan Brown, will remain independent and privately owned.