Global nutrition company, ADM has reached an agreement to acquire Sojaprotein, a leading European provider of non-GMO soy ingredients. The addition of the largest producer of plant-based protein in southern Europe would enhance production capacity, expand capabilities to meet fast-growing global demand for plant-based proteins, the company said.
Established in 1977, Serbia-based Sojaprotein has sales into 65 countries, offering a wide array of non-GMO vegetable protein ingredients for an extensive list of European and global customers in the meat alternative, confectionary, protein bar, pharmaceutical, pet food, and animal feed segments. The company had more than $100 million in sales in 2020.
The addition would build on ADM’s recent investments in alternative proteins, including the company’s soy protein complex in Campo Grande, Mato Grosso do Sul, Brazil; its new pea protein plant in Enderlin, North Dakota; its PlantPlus Foods joint venture; and partnerships with innovative startups like Air Protein.
