One word describes Springdale, Ark.-based Tyson Foods, Inc.'s 2018 - protein. The company enhanced its position in a variety of businesses serving the market for protein and divested others that did not fit the protein-centric strategic focus. Businesses acquired during the year ranged from large to small. Despite the size disparities, each acquired business filled a void management hopes will make the company a more complete protein powerhouse. The most significant acquisition occurred in August when Tyson Foods acquired Keystone Foods for approximately $2.16 billion. Based in West Chester, Pa., Keystone supplies chicken, beef, fish and pork to retail stores, convenience store channels and quick-service restaurant chains, including McDonald's. Keystone's product line includes chicken nuggets, wings and tenders; beef patties; and breaded fish fillets.
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