DOJ requires Tyson to divest sow purchasing business

Freeman Staff

August 28, 2014

WASHINGTON — The U.S. Department of Justice announced Wednesday it will require Tyson Foods Inc. to divest Heinold Hog Markets, its sow purchasing business, before allowing the company’s $8.5 billion acquisition of The Hillshire Brands Company to continue.

The department said without the divestiture, the combined company would have accounted for a third of sow purchases from U.S. farmers.

Three state’s Illinois, Iowa and Missouri, have joined a DOJ lawsuit blocking the proposed acquisition. The proposed settlement would resolve the department’s competitive concerns.