The companies expect the joint venture to maximize their meat and animal fats businesses. Tyson Fresh Meats, based in Dakota Dunes, USA currently operates six beef plants and six pork plants across the United States.
Jacob Stern & Sons is among Tyson’s largest customers for animal by-products and is among the largest US processor and marketer of animal fats.
“Combining Tyson’s vast supply of animal fats with Jacob Stern’s Texas operations is a natural evolution and positions JST Global to meet growing worldwide demand,” said Phil Bernstein, Chairman, Jacob Stern & Sons.
Following a transition period, the marketing of all animal fats generated by Tyson Fresh Meats will be conducted by JST Global teams in Houston, Dakota Dunes, and Omaha.
Jay Van Valen, formerly President of Jacob Stern & Sons’ Texas Division, will serve as Chief Executive Officer of JST Global, which will maintain its headquarters in Houston, USA.
The joint venture requires The Jacob Stern & Sons and Tyson Fresh Meats sales teams to collaborate and provide a seamless transition for customers.
Van Valen said, “With a secured supply, JST Global is strongly positioned to address the global demand for commodity and value-added animal fat.
“JST Global’s scale and broad capabilities are key differentiators that will allow us to deliver customized solutions, particularly in highly specialized markets such as renewable energy.”
Steve Stouffer, group president, Tyson Fresh Meats added: “We maximize the value of every animal we harvest so that no part of the animal goes to waste.
“Responsibly processing fats and oils are a key part of our business and our commitment to sustainability.
“This joint venture gives us the opportunity to continue to value-up our beef and pork production, enabling us to innovate in new untapped markets while continuing to work directly with existing animal fat customers and the emerging renewable energy market.”
Specific terms of the venture are not being disclosed.