Beyond Meat To Be McDonald's Preferred Supplier for Plant-Based Burger in 3-Year Deal
By Adriano Marchese
A new three-year agreement has been struck between plant-based
meat substitutes producer Beyond Meat Inc. and McDonald's Corp.
which will include the supply of plant-based burgers.
Beyond Meat said Thursday that under the terms of the strategic
agreement, it will be the fast-food chain's preferred supplier for
the patty being tested in certain restaurants.
In addition, the two companies will explore co-developing other
plant-based items that could expand the menu to include plant-based
chicken, pork and egg substitutes as McDonald's develops its
"We're excited to work with Beyond Meat to drive innovation in
this space, and entering into this strategic agreement is an
important step on our journey to bring delicious, high quality,
plant-based menu items to our customers," McDonald's Executive Vice
President and Chief Supply Chain Officer Francesca DeBiase
At 4:48 p.m. EST in after-hours trading, Beyond Meat shares rose
2.5% to $147.40.
Write to Adriano Marchese at email@example.com
(END) Dow Jones Newswires
February 25, 2021 17:12 ET (22:12 GMT)
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