Tyson Foods to Acquire Grain Elevator Operations in Western Tennessee

On February 14, 2018, in Springdale, Arkansas, Tyson Foods, Inc. (NYSE: TSN) announced that one of its subsidiaries is set to acquire three commercial grain elevators from The Andersons, Inc.'s Grain Group (Nasdaq: ANDE). This acquisition, part of Tyson's ongoing expansion in western Tennessee, will take place in Dyer, Humboldt, and Kenton. The new assets will bolster Tyson's existing operations in Union City, Tennessee, and its forthcoming chicken complex in Humboldt. Doug Ramsey, Tyson Foods' group president of poultry, stated that this initiative would secure essential resources for the company, facilitate growth, and enhance customer support. He also expressed enthusiasm about establishing more direct connections with local grain producers. The deal is slated to be finalized in March, with the specifics remaining confidential. It is anticipated that around 20 employees from The Andersons will transition to Tyson Foods, with no expected interruptions to existing contracts with local farmers. Tyson Foods has implemented a program named Local Grain Services (LGS) to foster relationships with farmers who supply grain for the company's chicken feed. The direct purchase of corn, wheat, and soybeans from local farmers not only boosts local economies but also aligns with Tyson's mission to sustainably feed the world with a rapidly expanding range of protein-rich brands. Tyson Foods has created several platforms, including a mobile app and a website, to facilitate grain sales from farmers. More information can be found on the Tyson LGS website. About Tyson Foods, Inc. Tyson Foods Inc. (NYSE: TSN), a global food giant and a renowned leader in protein, was established in 1935 by John W. Tyson. The company, which has been nurtured by three generations of family leadership, boasts a diverse range of products and brands such as Tyson®, Jimmy Dean®, Hillshire Farm®, Ball Park®, Wright®, Aidells®, ibp®, and State Fair®. Tyson Foods is committed to innovating continuously to enhance the sustainability of protein, customize food for all markets, and elevate global expectations of the potential of good food. The company, based in Springdale, Arkansas, employs 122,000 team members and, guided by its Core Values, strives to operate with integrity, create value for its shareholders, customers, communities, and team members, and responsibly manage the animals, land, and environment entrusted to it. For more information, visit tysonfoods.com. ### For further information, please contact Worth Sparkman at 479-290-6358.