Tyson Foods takes minority stake in pet food maker
March 17, 2009
by FoodBusinessNews.net Staff
SPRINGDALE, ARK. – Tyson Foods, Inc. and Freshpet, Secaucus, N.J., have entered into an alliance to develop refrigerated pet food products. Tyson Food will have a minority investment in Freshpet, and the alliance will combine Tyson’s product development experience and refrigerated food distribution network with Freshpet’s experience and knowledge of the pet food category.
"The alliance between Tyson and Freshpet will meet changing consumer needs by providing real food for pets, not pet food," said Scott Morris, the co-founder of Freshpet. "We believe these products will redefine the category and change the way people think about feeding their pets."
Freshpet products currently are produced at a plant in Quakertown, Pa., and production will expand using existing Tyson facilities.
"This is a natural extension of Tyson’s experience in making innovative refrigerated protein products for families," said Jeff Webster, vice-president of Tyson’s Renewable Products Division.