Williams Sausage Company will be acquired by Tyson Foods under agreement
Williams Sausage Company, Inc. of Union City, Tennessee, has entered into a merger agreement with Tyson Foods, Inc. (NYSE: TSN), the two companies announced today.
Williams Sausage Company supplies fresh and completely cooked sausage, bacon, and sandwiches to retail and foodservice customers while also employing about 500 team members.
Williams Sausage Company’s expansion fits with Tyson Foods’ strategic goal of increasing customer service capacity, according to Group President of Prepared Foods Stewart Glendinning. We are excited to welcome the hardworking team members of Williams to the Tyson Foods family.
Williams Sausage Company President and CEO Roger Williams remarked, “The Williams Family has been incredibly blessed for the last 65 years by dedicated team members, terrific customers, and fantastic suppliers that have helped us to establish a quality food company. There aren’t many businesses we could trust with what we’ve developed, so we’re grateful to have discovered Tyson Foods as our partner since they understand the history and culture of our family business and will be able to advance it. We think that making this decision will benefit our family and the other members of our team much and secure everyone’s future.
The acquisition’s terms were not made public, and US officials still need to approve the deal.
According to the Private Securities Litigation Reform Act of 1995, some information in this press release is forward-looking. The company’s estimates for the advantages of the transaction’s completion are among the forward-looking statements contained in this list. We warn readers not to put undue faith on any forward-looking statements because they only apply as of the date they were made. The impact of the global economic environment, the timing of regulatory approvals, and the ability of the parties to complete the transaction are just a few of the factors and uncertainties that could cause our actual results to differ materially from those expressed in or contemplated by the forward-looking statements. In the company’s filings with the Securities and Exchange Commission, particularly in Part I, Item 1A, other significant variables are covered in depth. Our Annual Report on Form 10-K for the fiscal year ended October 1, 2022, contains “Risk Factors.” We don’t have any commitment to update any forward-looking statements, whether due to new information, upcoming developments, or other factors.
About Tyson Foods
One of the biggest food firms in the world and a well-known expert in protein is Tyson Foods, Inc. (NYSE: TSN). The company, which was established in 1935 by John W. Tyson and has been run by his family for four generations, features a wide range of products and brands, including Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp®, and State Fair®. On October 1, 2022, the company, with its headquarters in Springdale, Arkansas, employed about 142,000 team members. Tyson Foods works to uphold integrity, create value for its team members, customers, communities, and shareholders through its fundamental principles, and act as a steward of the resources entrusted to it, including the environment, land, and animals. Visit the Tyson Foods website.