Hogan Lovells advises Tyson Foods on its strategic partnership with Protix
Amsterdam, 24 October 2023 – Led by M&A partner Victor de Vlaam, a cross-Atlantic Hogan Lovells M&A team has advised Tyson Foods on its strategic partnership with Protix.
Tyson Foods will make a direct equity investment in Protix, acquiring a minority stake to aid in its global expansion efforts. Additionally, Tyson Foods and Protix have entered into a joint venture to operate and construct a facility for insect ingredient production in the continental United States. Once completed, it will stand as the first at-scale facility of its kind, transforming by-products from food manufacturing into high-quality insect proteins and lipids, primarily destined for use in the pet food, aquaculture, and livestock sectors.
Tyson Foods Inc., based in the US, is one of the world’s largest food companies and a recognized leader in protein.
Protix, based in the Netherlands, is the frontrunner and industry leader in insect-based ingredients for healthy and sustainable pet food, aquaculture and livestock feed and organic fertilizer.
The Hogan Lovells team was led by M&A partner Victor de Vlaam with support from senior associate Jacob Hoogslag (both Corporate, Amsterdam).
Other team members who supported on the transaction, include:
Amsterdam: Chantalle Schoegje (senior associate, Corporate), Dane Solomon (senior associate, Corporate) Alexander Fortuin (partner, Tax), Matthijs Dols (senior associate, Tax), Eran Lapid (junior associate, Corporate)
Baltimore: Derrik E. Forshee (partner, Corporate) and Max Cardin (associate, Corporate)