Tyson Foods invests in Protix to enable international expansion

Through this direct investment, Tyson Foods acquires a minority stake in Protix, allowing Protix to finance further international expansion. Furthermore, Tyson Foods and Protix have initiated a joint venture for the construction of an insect ingredient factory in the United States. Once this facility is completed, it will be the first of its kind on a large scale, converting by-products from Tyson's food production into high-quality insect proteins and fats. These insect ingredients will be sold to companies primarily in the pet food and aquaculture industries.

Invest-NL: making the seemingly unfinanceable financeable

We have previously published a storyabout Protix, and this new development marks a significant step forward in sustainable food production.Victor Meijer, senior investment manager, is pleased with this transaction between Tyson Foods and Protix: "This is excellent news for Protix, enabling them to achieve further scalability. It also clearly demonstrates Invest-NL's role in supporting innovative companies like Protix in their early growth stages, making investments like these possible."