Industrial

Tyson Acquires Sandwich Maker

Tyson Foods recently took a bite out of the prepared food market with its $3.2 billion acquisition of sandwich maker AdvancePierre, according to an online report at www.foodmanufacturing.com.

Tyson, Springdale, AR, paid $40.25 per share for the company, a 9.8% premium above AdvancePierre’s closing price in late March. The acquisition represents a shift for Tyson toward a more protein-based brand portfolio, according to the report.

Tyson is weighing the sale of other brands, including its Sara Lee frozen bakery business, as well as its Kettle brand and ...