Business news in brief

Tyson Foods Inc. has agreed to sell its pizza crust business to private equity firm Peak Rock Capital, the Springdale company said Thursday.

Both parties plan to close on the deal in September, a news release said. Terms were not disclosed. According to Peak Rock’s website, the firm invests in “middle-market situations.” Peak’s portfolio ranges from outdoor products and technology companies, to honey and organic-bread makers.

TNT Crust, a Wisconsin-based producer of partially baked crusts, flat breads and self-rising crusts, was founded in 1981. More than 400 employees work at two plants in Green Bay, Wis. They are “expected to continue with the company under the new owner,” the release said.

In March, Tyson shared its intent to sell TNT. The sale aligns with the company’s recent strategy “focused on expanding Tyson Foods’ leadership position in protein,” Sally Grimes, Tyson’s group president of Prepared Foods, said in the release.

“As we focused on protein, we sold several nonprotein businesses this year and anticipate selling our pizza crust business in the fourth quarter,” Tom Hayes, Tyson’s president and chief executive officer, told analysts, investors and reporters this week.

Some recent sales include Sara Lee Frozen Bakery and Van’s, a maker of soups and sauces.