HUNTSVILLE, ALA. – Tyson Foods Inc. is closing an office in Huntsville, Ala., that came with the processor’s acquisition of Keystone Foods from Brazil’s Marfrig Global Foods in 2018.
A Worker Adjustment and Retraining Notification (WARN) filed with the Alabama Department of Commerce indicated the office will close by March 25. At least 58 employees will be affected.
“All team members affected will be offered a severance package and may be able to relocate to other Tyson offices,” a Tyson spokesperson said. “We are also working with a third-party benefits provider to ensure all team members who chose not to relocate are connected to appropriate resources and assistance.”
Tyson’s acquisition of Keystone included six processing plants and an innovation center in the United States with locations in Alabama, Georgia, Kentucky, North Carolina, Pennsylvania and Wisconsin. It also included eight plants and three innovation centers in China, South Korea, Malaysia, Thailand and Australia.
Marfrig acquired Keystone Foods in June 2010. In 2017, Marfrig planned an initial public offering of Keystone Foods shares, but the IPO fell through.