Tyson Foods buys Tecumseh Farms to expand organic meat production
Category: #retail  By Pankaj Singh  Date: 2018-06-06
  • share
  • Twitter
  • Facebook
  • LinkedIn

Tyson Foods buys Tecumseh Farms to expand organic meat production

The largest meatpacker in the United States, Tyson Foods, announced on Monday that it has purchased Tecumseh Farms, the company providing quality air-chilled chicken under the brand Smart Chicken. The company believes this endeavor will give them a strategic boost in the organic food industry which is garnering more customers every year.

Though the terms regarding this deal were not revealed by any party involved, Tyson Foods has declared that it will operate Smart Chicken as a wholly owned subsidiary while retaining its 600-employee workforce at Tecumseh, Waverly and other live-chicken operations in southeast Nebraska. This will add to the already strong portfolio of Tyson Food’s organic products which include the brands NatureRaised Farms and Aidells.

As per records, Smart Chicken is sold in thousands of stores spanning nearly all the fifty states in the U.S. A recent report by the Wall Street Journal estimated profits of $40 million to be earned by Tecumseh Farms this year with sales anticipated to reach $170 million. A source at Tecumseh farms stated confidently that Tyson Foods has the resources needed to propel the Smart Chicken brand even further.

The group president for poultry at Tyson Foods, Doug Ramsey, complimented the efficient management of Tecumseh Farms and its strong consumer loyalty. He cited the growth that Smart Chicken will achieve with continuous production of quality chicken combined with the scale and resources that Tyson Foods has to offer.

Another source at Tyson Foods also emphasized on the growing inclination of consumers towards fresh and organic food suitable to their lifestyle.

Nielsen Perishables released a date according to which sales of organic fresh chicken grew 8.6% from 2016 to 2017, four times more than the traditionally raised poultry. As per experts, the evident growth in this segment proves that the acquisition of Tecumseh Farms will strengthen Tyson Food’s position as the world’s foremost organic chicken supplier.



About Author

Pankaj Singh

Email: [email protected]   

Pankaj Singh

Pankaj Singh Develops content for Market Size Forecasters, Algosonline, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

Read More

More News By Pankaj Singh

US buys all of the global supply of Gilead’s COVID-19 drug remdesivir
US buys all of the global supply of Gilead’s COVID-19 drug remdesivir
By Pankaj Singh

While top-notch companies are racing to develop a vaccine for COVID-19, it looks like the United States has secured almost all of the world’s supply of interim drug remdesivir to treat patients with COVID-19.

...

Potential COVID-19 vaccine by Bharat Biotech to enter clinical trials
Potential COVID-19 vaccine by Bharat Biotech to enter clinical trials
By Pankaj Singh

Bharat Biotech International, a leading Indian biotechnology company, has reportedly announced that its potential coronavirus vaccine, Covaxin, has received Drug Controller General of India (DCGI) approval to start hum...

Seattle Genetics reveals positive data from tisotumab vedotin trial
Seattle Genetics reveals positive data from tisotumab vedotin trial
By Pankaj Singh

Seattle Genetics, Inc., a renowned biotechnology firm that focuses on developing antibody-based cancer treatments, has recently revealed positive topline data from its Phase 2 clinical trial (innovaTV 204) assessing ti...