Tyson invests in plant-based shrimp maker

September 11, 2019

After divesting itself from Beyond Meat earlier this year, Tyson Foods has purchased a stake in New Wave Foods, a maker of plant-based foods. The latter’s product, made from seaweed, soy and plant extracts, is marketed as a stand-in for shrimp, offering the same flavor and texture. Tyson’s purchase also falls in line with its goal of finding and investing in companies with disruptive food-related products and technologies, said Amy Tu, President of Tyson Ventures, a capital investment subsidiary.