Tyson Foods and Kemin Industries announced yesterday a new manufacturing venture under way in Scranton, Ark., that produces pet food flavor enhancers known as palatants. The pet food market is one of
the fastest-growing packaged-goods categories in recent years, analysts say.
As meat profits have been harder to achieve in the past two years, Tyson Foods has launched several joint
ventures to boost the company's overall profit stream, including renewable diesel fuel from chicken fat and two pet food ventures to enhance animal food flavors, Kim Souza reports.
The
Scranton plant is centrally located near several of Tyson's largest poultry processing plants, which gives the company easy access to the fresh raw materials needed to manufacture the flavor
enhancers, says Jeff Webster, group vp and gm of Tyson's Renewable Products division.
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