Tyson in­vests in mak­ing meat from cells

Ripon Bulletin - - Local / State -

SPRINGDALE, Ark. (AP) — Tyson Foods Inc. has in­vested in a food-tech startup that’s de­vel­op­ing meth­ods to pro­duce meat di­rectly from an­i­mal cells.

The Arkansas-based com­pany an­nounced Mon­day that its ven­ture cap­i­tal arm, Tyson Ven­tures, now has a mi­nor­ity stake in Mem­phis Meats. The terms of the deal haven’t been dis­closed, but Mem­phis Meats says it ex­pects to use the funds to ac­cel­er­ate prod­uct devel­op­ment.

Tyson says the in­vest­ment re­flects the com­pany’s com­mit­ment to find new, in­no­va­tive ways of meet­ing a grow­ing global de­mand for pro­tein.

Mem­phis Meats is based in the San Francisco Bay Area. The com­pany is de­vel­op­ing meth­ods to pro­duce meat from an­i­mal cells, which would elim­i­nate the need to breed or slaugh­ter an­i­mals.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.