Oct 10 Tyson Foods Inc, the largest U.S.
meat processor, took a 5 percent stake in plant-based protein
maker Beyond Meat amid growing pressure on food companies to
reduce environmental and health risks by changing the way they
Terms of the deal were not disclosed.
Manhattan Beach, California-based Beyond Meat sells
plant-based burger patties, heat-and-eat meals and non-GMO soy
and pea protein frozen foods at grocery chains such as Whole
Foods Market Inc, Publix, Albertsons Cos Inc's
Other investors in the company include Bill Gates, the
Humane Society of the United States, General Mills Inc's
venture capital arm 301 Inc and venture capital firm Kleiner
A group of 40 investors managing $1.25 trillion in assets
launched a campaign in September asking 16 companies such as
Wal-Mart Stores Inc, Unilever and Whole Foods
to respond to the risks of industrial farming.
Wal-Mart is Tyson's biggest customer, accounting for almost
17 percent of sales for the year ending Oct. 3, 2015.
The campaign followed an Oxford University study which said
$1.5 trillion in healthcare and climate change-related costs
could be saved by 2050 if people reduced their reliance on meat.
(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Don