Tyson Foods Contemplates Sale of its Pizza Crust Division

The primary focus of the company remains on its essential protein business. Springdale, Ark. - March 27, 2018 - Tyson Foods, Inc. (NYSE: TSN) is considering selling its pizza crust division (TNT Crust) as part of its strategic emphasis on protein, the company announced today. "Our aim is to fully exploit the potential of our main business, and this divestment will facilitate growth in our protein brands," stated Sally Grimes, Group President of Prepared Foods. "We anticipate that a prospective buyer will appreciate the worth of the entire pizza crust business, including the TNT Crust brand, the facilities, and the skilled team members, and will be able to concentrate on its future." The proposed sale of TNT Crust encompasses the pizza crust business of partially baked crusts, flat breads, and self-rising crusts, as well as the company's two manufacturing facilities in Green Bay, Wis. The company will keep the tortilla production from the facilities for use in other areas of its business. Goldman Sachs is serving as Tyson Foods' financial advisor for the sale. About Tyson Foods Tyson Foods, Inc. (NYSE: TSN) is among the world's largest food corporations and a recognized authority in protein. Established in 1935 by John W. Tyson and expanded under three generations of family leadership, the company boasts a wide range of products and brands such as Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp® and State Fair®. Tyson Foods continually innovates to make protein more sustainable, customize food for all locations it's available, and elevate global expectations of what good food can achieve. Based in Springdale, Arkansas, the company employs 122,000 team members. Through its Core Values, Tyson Foods aims to operate with integrity, create value for its shareholders, customers, communities and team members, and act as a responsible guardian of the animals, land, and environment entrusted to it. Media Contact: Caroline Ahn, (312) 614-6047