US: Tyson Foods acquires frozen pizza firm Bosco's

By Hannah Abdulla | 21 January 2014

Tyson has acquired Boscos Pizza Co. renowned for its frozen pizza products including Boscos Pizza Sticks

Tyson has acquired Bosco's Pizza Co. renowned for its frozen pizza products including Bosco's Pizza Sticks

Tyson Foods has announced the acquisition of US pizza products company Bosco's Pizza Co.

The deal, struck for an undisclosed sum, is Tyson's latest move to diversify its portfolio and bolster its prepared foods business.

Bosco's Pizza Co. produces a variety of stuffed bread sticks and frozen pizzas for foodservice and retail customers throughout the Midwest and at some retailers nationwide. Its products include The Original Bosco Stick.

"This is part of our company's strategic plan to grow our domestic prepared foods business," said Donnie King, Tyson Foods' president of prepared foods, customer and consumer solutions. "Bosco's will be a good addition to our diversified portfolio of quality food offerings."

Craig Mulhinch, vice president of Bosco's sales and marketing, and Paul Morgan, vice president of Bosco's operations, will continue to manage the day-to-day operations of the business. The company employs about 150 people, all of whom are expected to join Tyson. It will become part of Tyson Foods' Prepared Foods division, but continue to operate under the Bosco's Pizza Co. name. 

In addition to The Original Bosco Stick, the Bosco's Pizza plant produces partially-baked frozen pizza made with traditional and whole grain crust, reduced-fat cheese Bosco Sticks, pepperoni Bosco Sticks and whole grain apple-filled Bosco Sticks.

"This is a great opportunity for the Bosco's brand," Mulhinch said. "We've put a lot of effort into creating high-quality products and Tyson Foods has recognised that. This deal will allow us to accelerate our growth while we continue to focus on the fundamentals of making excellent artisan bread products. We're excited about joining the Tyson team."

Last week, Tyson refused to comment on reports it is considering a bid for US egg and dairy products group Michael Foods.

Yesterday, Tyson confirmed it has "temporarily" laid off 60 workers at a meat production plant in Iowa as some of the output has been shifted to another facility.

Show the press release

SPRINGDALE, Ark., Jan. 20, 2014 (GLOBE NEWSWIRE) -- Tyson Foods, Inc. (NYSE:TSN) acquired the assets of Bosco's Pizza Co. of Warren, Mich., both companies announced today.Bosco's Pizza, famous for "The Original Bosco Stick," produces a variety of stuffed bread sticks and frozen pizzas for food service and retail customers throughout the Midwest and at some retailers nationwide. Terms of the acquisition, which was completed January 18, were not disclosed.

"This is part of our company's strategic plan to grow our domestic prepared foods business," said Donnie King, Tyson Foods' president of prepared foods, customer and consumer solutions. "Bosco's will be a good addition to our diversified portfolio of quality food offerings."

Craig Mulhinch, vice president of Bosco's sales and marketing, and Paul Morgan, vice president of Bosco's operations, will continue to manage the day-to-day operations. The company employs about 150 people, all of whom are expected to become Tyson Foods team members. It will become part of Tyson Foods' Prepared Foods division, but continue to operate under the Bosco's Pizza Co. name. Customer contacts will not change.

"This is a great opportunity for the Bosco's brand," Mulhinch said. "We've put a lot of effort into creating high-quality products and Tyson Foods has recognized that. This deal will allow us to accelerate our growth while we continue to focus on the fundamentals of making excellent artisan bread products. We're excited about joining the Tyson team."

Entrepreneur Mark Artinian created Bosco's as a carry-out pizzeria in 1988 before he started delivering frozen pizzas to area high schools. In 1995, the company started producing frozen stuffed crust pizza, which soon led to stuffed bread sticks, the company's main product line today. Artinian will remain with the business in an advisory role.

"The Bosco's team built the business the right way," said Michael Turley, vice president of food service and government sales for Tyson Foods. "Those who know the Bosco's brand are more than customers – they're fans. Bosco's bread used to make its products is excellent, and the brand has a large regional following including those who remember eating Bosco Sticks at school."

Tyson Foods is the largest supplier of pepperoni and pizza toppings to the food service industry. Tyson Foods markets prepared foods products to retail grocers, food service distributors, restaurant operators and on-site food service establishments such as schools, universities, corporate cafeterias, hotel chains, healthcare facilities and the military.

In addition to "The Original Bosco Stick," the Bosco's Pizza plant produces partially baked frozen pizza made with traditional and whole grain crust, reduced-fat cheese Bosco Sticks, pepperoni Bosco Sticks and whole grain apple-filled Bosco Sticks in a variety of sizes and pack options. More information about Bosco's Pizza is available at BoscosPizza.com.

Original source: Tyson Foods

Sectors: Frozen, Mergers & acquisitions

Companies: Tyson Foods

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