Tyson Foods has announced that it is looking to sell its pizza crust business TNT Crust, as the company seeks to focus on its core protein operations.
TNT Crust produces a range of partially-baked pizza crusts, self-raising pizza crusts and flatbreads, and operates two manufacturing facilities in Green Bay, Wisconsin.
Tyson claims that it will offload these two facilities as part of an eventual sale, though it reserves the right to maintain tortilla production from the factories.
Tyson Food’s Sally Grimes, group president of prepared foods said: “We’re focused on maximizing the full potential of our core business, and this divestiture will help pave the way for growth in our protein brands.
“We believe a potential buyer will see the value of the pizza crust business as a whole, including the TNT Crust brand, the facilities, and the talented team members, and will be able to focus on its future.”
Last month, Tyson announced its new business strategies, which reiterated the company’s commitment to adapt its product range to meet changing consumer demands.
This led to the company announcing the release of several protein-rich foods such as plant-based meal bowls.
President and CEO of Tyson Foods Tom Hayes said: “We’re combining our size and scale with agility to make food people want to eat. That’s driving our business and helping us deliver top-tier returns for shareholders.”
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