Beyond Meat will remain an independent, privately held company led by founder and CEO Ethan Brown.
Tyson Foods, Inc., Springdale, Ark., took a 5% ownership stake in plant-based protein producer Beyond Meat, El Segundo, Calif. The investment, provided through a fundraising initiative by Beyond Meat, will provide additional capital to help the company expand its product portfolio and distribution. Beyond Meat will remain an independent, privately held company led by founder and CEO Ethan Brown.
“This investment by Tyson Foods underscores the growing market for plant protein,” adds Brown. “I’m pleased to welcome Tyson as an investor, and look forward to leveraging this support to broaden availability of plant protein choices to consumers.”