A joint venture between the beef and pork subsidiary of Tyson Foods and speciality agriculture products company, Jacob Stern & Sons, has launched to serve the global fats and oils market.
Although specific terms and finances of the deal were undisclosed, the joint venture will combine Tyson Fresh Meats’ supply of animal fats with Jacob Stern’s Texas operations.
The joint venture, which will be called JST Global, comes amid evolving global demands for fast and oil.
Based in Dakota Dunes, SK, Tyson Fresh Meats currently operates six beef plants and six pork plants in the US. Jacob Stern & Sons is among Tyson’s largest customers for animal by-products and is the largest US processor and marketer of animal fats.
Steve Stouffer, Group President of Tyson Fresh Meats, said: “Responsibly processing fats and oils are a key part of our business and our commitment to sustainability.
“This joint venture gives us the opportunity to continue to value-up our beef and pork production, enabling us to innovate in new untapped markets while continuing to work directly with existing animal fat customers and the emerging renewable energy market.”
Following a transition period, the marketing of all animal fats generated by Tyson Fresh Meats will be conducted by JST Global teams in Houston, Dakota Dunes, and Omaha.
Jay Van Valen, formerly President of Jacob Stern & Sons’ Texas Division, will serve as CEO of JST Global, which will maintain its headquarters in Houston.
The Jacob Stern & Sons and Tyson Fresh Meats sales teams will collaborate to provide a seamless transition for customers.