Sojaprotein acqusition completed by ADM, strengthening plant-based protein capabilities
ADM announced that it has completed its acquisition of Sojaprotein, a European provider of non-GMO soy ingredients. The addition represents a significant expansion of ADM’s global alternative protein capabilities and its ability to meet 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 fast-growing demand for new protein solutions as we grow our nutrition business worldwide,” said Vince Macciocchi, president of ADM’s Nutrition business. “We welcome our new Sojaprotein colleagues to ADM, and we look forward to working with them. Together, ADM and Sojaprotein are perfectly positioned for continued growth as we work to meet the needs of European consumers who are looking for locally-sourced, non-GMO plant-based ingredients in their food and beverages.”