Tyson Foods said on Wednesday it had sold its 6.5 percent stake in vegan burger maker Beyond Meat, as the company looks to develop its own line of alternative protein products, according to a report in Axios.

Tyson provided Axios with the following statement:

Tyson Ventures is pleased with the investment in Beyond Meat and has decided the time is right to exit its investment. Beyond Meat provided an early opportunity for Tyson Ventures to invest in plant-based protein products that many consumers are seeking. We wish the leadership of Beyond Meat all the best.

Tyson Foods continues to be committed to providing alternative protein as a choice for consumers and recently announced the creation of a new business focused on combining our creativity, scale and resources to make great tasting protein alternatives more accessible for everyone. We plan to launch an alternative protein product soon with market testing anticipated this summer.