Tyson Foods Selling Independence Plant, Pet Treats Business

Tyson Foods Selling Independence Plant, Pet Treats Business
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A northeast Iowa manufacturing plant will likely be operating under new ownership by the end of this year.
Tyson Foods, Inc. recently announced plans to sell its pet treat production facility in Independence to General Mills, Inc. for approximately $1.2 billion. The sale is expected to be complete by October, pending regulatory approval and other customary closing conditions.
Once the transaction is finalized, Tyson Foods’ pet treats business and the nearly 300 people who work at the Independence plant will become part of General Mills.
The transaction also includes Tyson's Nudges, True Chews and Top Chews brands. In a press release, Tyson officials said their company will continue to provide meat ingredients for the pet treats business after General Mills assumes ownership.

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