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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

Tyson Invests in New Wave Foods

09/13/2019

Tyson Ventures, a subsidiary of Tyson Foods has completed an investment in New Wave Foods.  Proceeds will be used to develop plant-based alternatives to seafood.

 

Mary McGovern, CEO of New Wave Foods stated, “Our plant-based shrimp cooks and tastes just like the real thing and it matches the texture, taste and versatility of shrimp fresh from the ocean.”

 

Amy Tu, president of Tyson Ventures commented, “We are excited about this investment in the fast-growing segment of the plant-based protein market.”  Tu added, “This continues our focus of identifying and investing in companies with disruptive products, breakthrough technologies related to our core business so we can continue to serve growing global population. 


 
Copyright 2019 Simon M. Shane