Hogan Lovells Acted on Tyson Foods’ Strategic Investment in Insect Protein Company Protix
Hogan Lovells Acted on Tyson Foods’ Strategic Investment in Insect Protein Company Protix
Hogan Lovells, a global law firm, played a pivotal role in Tyson Foods' direct equity investment in Protix, a minority stake to aid its global expansion. Additionally, Tyson Foods and Protix have partnered to operate and build a first-of-its-kind insect ingredient production facility in the continental United States. Once completed, the facility will upcycle food manufacturing byproducts into high-quality insect proteins and lipids for the pet food, aquaculture, and livestock industries.
Tyson Foods Inc., based in Springdale, Arkansas, USA, is one of the world’s largest food companies and a recognised leader in protein products.
Protix, based in Bergen op Zoom, the Netherlands, is the world's leading producer of insect-based ingredients for healthy and sustainable pet food, aquaculture and livestock feed, and organic fertiliser.
The Hogan Lovells team was led by corporate partner Victor de Vlaam, supported by senior associate Jacob Hoogslag (also corporate), both based in Amsterdam.
Other team members who supported the transaction include Chantalle Schoegje (senior associate, Corporate), Dane Solomon (senior associate, Corporate), Alexander Fortuin (partner, Tax), Matthijs Dols (senior associate, Tax), and Eran Lapid (junior associate, Corporate) in Amsterdam, and Derrik E. Forshee (partner, Corporate) and Max Cardin (associate, Corporate) in Baltimore.
