Tyson Foods Inc. and Freshpet have joined forces to provide refrigerated, fresh pet food products.
"The $17 billion pet food market, which has become one of the top 10 packaged-goods categories, has seen significant growth in recent years,” according to a statement relased by Tyson.
Tyson will have a minority investment in Freshpet. The alliance will combine Tyson’s fresh food knowledge, refrigerated distribution network, product innovation skills, and supply of meat and poultry with Freshpet’s pet food experience and market knowledge.
Freshpet currently manufactures its pet food and treats at a Quakertown, Pa., plant, but the company said it said it plans to expand its production by using existing Tyson facilities.
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