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.
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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.
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By GlobalData“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.
