Source: AdvertisingAge India

Keystone: Tyson buys McNuggets maker Keystone in latest protein play

Tyson Foods is buying chicken-nugget maker Keystone Foods for $2.16 billion, giving the meat and poultry marketer even more access to the restaurant industry and a bigger international reach.Keystone, which makes McDonald's Chicken McNuggets, among other products for fast-food chains, is being sold to Tyson by Brazil's Marfrig Global Foods.Tyson knows the deal means that some key customers will now have even fewer suppliers of meat -- but that doesn't mean they should worry, according to Tyson CEO Tom Hayes.Continue reading at AdAge.com

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$1.0-5.0B
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