Tyson Foods—which has carved out a niche as a market leader in chicken, beef and pork—has made a far-afield investment in plant-based food startup, Beyond Meat.
On Monday, Tyson TSN 4.06% said it had taken a 5% ownership stake in the California-based startup, an investment that will help the smaller company expand its product portfolio and distribution. ther past investors in Beyond Meat have included The Humane Society of the United States, Microsoft MSFT 0.42% founder Bill Gates and the venture-capital arm of General Mills GIS 0.50% . The relationship with General Mills was also meant to augment new product development.
