Tyson Foods, Inc. was founded in 1935 by John Tyson. Tyson started his business by selling chickens to as far as Chicago, Illinois and Kansas City, Missouri. Soon after, Tyson progressed to supplying chicks that were hatched from his incubators and by the end of the 1930s, Tyson had progressed to dealing feed commercially for Ralston Purina.
By 1943, Tyson bought the company’s first broiler farm which was located in Arkansas, specifically in Springdale. In 1947 came the incorporation of Tyson Hatchery and Feeds. By this time, the company already had three important services needed in the poultry business: Tyson’s company was now marketing both chicks and feed. It also engaged in transporting chickens to the market.
By the end of the 1950’s, Tyson’s company started operating its own poultry processing plant. By 1963, Tyson’s company became public and sold a hundred thousand shares of its stocks for $10.5 per share. When it became public, Tyson’s company then became Tyson’s Food. In the same year, Tyson’s Food was able to acquire Garrett Poultry Co. In the early 1970s, Tyson’s Food first became included in the Fortune 1000 list of companies. By 1971, the company again changed its name to Tyson Foods, Inc.
At the end of the decade, Tyson Foods became the country’s biggest hog producer, at the same time it was producing 234 million birds per year. In the succeeding years, the company was able to acquire other companies including Krispy Kitchens, Vantress Pedigree and Ocoma Foods.
In the 1980s, Tyson Foods continued to diversify its wide range of products, even more so with its acquisition of Mexican Original® in 1983. In the same year, the company also bought the poultry company Valmac, which earned Tyson Foods about $400 million in sales. In 1989, Tyson Foods partnered with Mexican poultry company Trasgo to realize a partnership between Japan and Mexico, a partnership that was called CITRA. Over the succeeding years, Tyson Food’s acquisition and expansion continued, making it a strong leader in the food industry worldwide.
Currently, Tyson Foods Inc. is included in the Fortune 500 list as the second largest company in the food industry. It is also a recognized leader in the retail and foodservice markets in the United States as well as in about 80 countries around the world.
Headquarters: Springdale, Arkansas
Ownership Type: Public
No. of Employees: approximately 117,000
Geography: USA and in more than 80 countries
Demography: All types of consumers