Tyson Foods, Inc. has completed its merger with the Hillshire Brands Company.

The combination of Tyson Foods and Hillshire Brands creates a single company with more than US$40 billion in annual sales and a portfolio that includes recognised brands such as Tyson^®, Wright^®, Jimmy Dean^®, Ball Park^®, State Fair^® and Hillshire Farm^®. The integration of the two companies is currently expected to generate synergy savings of US$225 million in fiscal 2015 and more than US$500 million by fiscal 2017.

In connection with the merger, shares of Hillshire Brands common stock will be delisted and cease trading on the New York Stock Exchange and Chicago Stock Exchange before the opening of the respective markets on August 29, 2014.

A new leadership team has been selected and includes a mix of existing senior leaders from the two companies.