ADM Completes Acquisition of Sojaprotein, Strengthening Plant Based-Protein Capabilities | Illinois

CHICAGO – (BUSINESS WIRE) – November 29, 2021 –

ADM (NYSE:ADM), the world’s leading nutritional, agro-processing and food company, announced today that it has completed its acquisition of Sojaprotein, the leading European supplier of non-GMO soybean ingredients. The addition represents a significant expansion of ADM’s global alternative protein capabilities and ability to meet the growing demand for plant-based foods and beverages.

“ADM has been at the forefront of pioneering innovation in alternative proteins for more than seven decades, and we continue to invest to expand our capabilities to meet the rapidly growing demand for new protein solutions as we grow our nutritional business worldwide,” said Vince Macciucci, Head of Nutrition at ADM. “We welcome our new colleagues in Sojaprotein to ADM, and look forward to working with them. Together, ADM and Sojaprotein are ideally positioned for continued growth as we work to meet the needs of European consumers looking for locally sourced, non-GMO plant-based ingredients in their food and beverages.

Founded in 1977, Serbia-based Sojaprotein exports to 65 countries and offers a wide range of non-GMO plant-based protein ingredients to an extensive list of European and global customers in meat alternatives, confectionery, protein bars, pharmaceuticals, pet food and animal feed fillets. The company generated more than $100 million in sales in 2020.

The addition of Sojaprotein to the ADM portfolio is the latest significant investment as the company continues to grow in alternative proteins; Other additions include the company’s soy protein complex in Campo Grande, Mato Grosso do Sul, Brazil; its new pea protein plant in Enderlin, North Dakota; its joint venture PlantPlus Foods; and partnerships with innovative startups such as Air Protein.

About ADM

At ADM, we unleash the power of nature to provide access to nutrition around the world. With cutting-edge innovations in the industry, a full range of ingredients and solutions that cater to any taste, and a commitment to sustainability, we give customers an edge in solving the nutritional challenges of today and tomorrow. We are a global leader in human and animal nutrition and the world’s number one agricultural construction and manufacturing company. Our breadth, depth, vision, facilities and logistical expertise give us unparalleled capabilities to meet the needs of food, beverage, health, wellness and more. From the seed of an idea to the outcome of a solution, we enrich the quality of life around the world. Learn more at www.adm.com.

Source: company statement

View source copy on businesswire.com: https://www.businesswire.com/news/home/20211129005398/en/

Contact: ADM Media Relations

Jackie Anderson

media@adm.com

312-634-8484

KEYWORD: SERBIA EUROPE NORTH UNITED STATES NORTH AMERICA ILLINOIS

Industry Keyword: Pet Supermarket Other Natural Resources Food / Beverage Retail Consumers Supply Chain Management Natural Resources

Source: ADM

Copyright Business Wire 2021.

Published: 11/29/2021 08:00 a.m. / Disc: 11/29/2021 08:02 a.m.

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