DSM to Acquire Vestkorn Milling, Europe’s Leading Pea & Bean Producer, For €65 Million – vegconomist

  • DSM acquires Vestkorn Milling, the leading producer of pea and bean ingredients for plant protein products, with an enterprise value of €65 million.

Dutch multinational company Royal DSM announced today that it will acquire Norway’s Vestkorn Milling, the leading European producer of ingredients from peas and beans, producing pea protein, faba protein, pea protein, faba protein, pea fiber, pea starch and flour from pea and bean. The company supplies proteins, starches, and dietary fiber to manufacturers of plant foods, pet foods, and animal feeds.

The acquisition, according to DSM, represents another step in the company’s strategy to build an alternative protein business and will provide synergy with DSM’s innovative CanolaPRO™ rapeseed protein isolate, which will be commercially launched next year. Under usual terms, the transaction is expected to close in the fourth quarter of 2021.

Photo: festcorn

Patrick Niles, Executive Vice President of Food and Beverage at DSM, commented on the acquisition, “We very much look forward to welcoming Vestkorn Milling and their team to DSM. Food and beverage producers around the world are increasingly looking to partners who can provide a full range of ingredients, expertise, and solutions to help them Excellence and get to market quickly. This is especially important in the highly dynamic meat alternative space, where consumer and societal expectations about authentic taste, texture, and nutritional profile, as well as the impact of climate, are becoming more complex.”

Aslak Lie, CEO of Vestkorn Milling, commented, “By collaborating with DSM, we have taken a huge step towards becoming a global leader in pulse-based ingredients. Over the past years, we have expanded our business and market significantly. With DSM, we have owner oriented Long-term business that will enhance growth and expansion. We are excited about this opportunity, and we look forward to being part of the DSM team.”

Leave a Reply

Your email address will not be published. Required fields are marked *