Tyson Foods Inc. said Wednesday it has agreed to settle all class claims in its previously disclosed broiler chicken antitrust litigation and will pay an aggregate of $221.5 million in settlements.
The settlements will be reflected in its first-quarter 2021 financial statements.
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Tyson Foods leadership, Kentucky Governor Andy Beshear, and city officials from Bowling Green broke ground on the site of Tyson’s new $355 million bacon production facility. Once operational in late 2023, the 400,000 square foot facility will employ 450 people and help meet growing demand for the company’s iconic Wright® and Jimmy Dean® brands. …
The brand launched an alternative burger called The Blend, which contains both Angus beef and isolated pea protein, in summer 2020. The product packs 19 grams of protein in a patty that has 40% fewer calories and 60% less saturated fat than an all-beef burger. But because this hybrid burger patty isn’t completely plant-based, Tyson has decided to discontinue it. …
Wes Morris has been named president of Tyson Foods’ poultry business, effective January 27, the company announced. …
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