Jul 30, 2018

Tyson in talks to purchase Keystone Foods

Woman moving poultry along a a conveyer belt in Tyson chicken plant.

Employees of Tyson Foods Inc. process chicken. Photo: Greg Smith/Corbis via Getty Images

Tyson in exclusive talks to buy Keystone Foods from Brazil’s Marfrig Global Foods for more than $3 billion, as first reported by Bloomberg.

Why it matters: Because McNuggets. Keystone originally developed the boneless wonder in partnership with McDonald's, and now supplies the fast-food giant with around 300 million pounds of poultry per year — plus 150 million pounds of beef and 15 million pounds of fish.

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