Tyson Foods president and CEO Donnie Smith said Thursday the combination process of Tyson and The Hillshire Brands Co. is well under way.
Smith spoke to investors Thursday in Boston at the Barclays Back-to-School Consumer Conference, one week after Tyson completed its successful acquisition of Hillshire Brands for $8.5 billion, making it the largest merger in the history of the U.S. meat industry.
"We're moving forward quickly with the integration and finding synergies, and we feel good about our ability to capture $225 million in synergies in the first year and $500 million by year three," Smith said in a Tyson news release. "The more we get into it, the better we feel."
Smith, according to the release, told investors at the annual Barclays Back-to-School Consumer... [ MORE ]