Tyson Foods Joins Bug-Protein Craze in Partnership With Startup
Protix BV’s insect farm in Dongen, Netherlands.
Photographer: Nick Franken/Protix BV
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Tyson Foods Inc. is making its first foray into the insect-protein industry as the meat giant seeks to diversify its operations.
The American meatpacker said Tuesday that it agreed to buy a stake in Dongen, Netherlands-based Protix BV to help fund its expansion. The companies will also form a joint venture to build and operate a US facility that will produce bug-based meal and oil, which are typically used in fish feed and dog food. Financial terms of the deal weren’t disclosed.