ADM and Marfrig have announced the formal launch of PlantPlus Foods, a joint venture that will offer a range of finished plant-based food products across North and South America.
Previously: ADM and Spiber Partner on Innovative Biobased Polymers
The Chicago-based joint venture will serve customers with a focus on North and South America, with the ability to reach other global markets.
Marfrig, a beef producer, owns 70% of the venture; ADM, a global nutrition company, is a 30% owner.
Marfrig will be responsible for finished product production and distribution, utilizing its facilities in South America, mainly in Várzea Grande, in the Brazilian state of Mato Grosso, and its facilities in the United States.
Previously: ADM Launches Textured Wheat and Pea Protein
ADM will supply innovative technical expertise, application development and an array of plant-based ingredients, flavors and systems from its specialty protein complex in Campo Grande, Mato Grosso do Sul, and its network of U.S.-based ingredient and flavor facilities, including its new pea protein plant in Enderlin, North Dakota.
“We’re excited to take this important step forward as we bring together the tremendous resources of two leaders in nutrition,” said Marcos Molina, founder and chairman, Marfrig. “PlantPlus Foods is born of two companies that had a common vision to create a new venture offering a complete portfolio of delicious, sustainable plant-based foods for consumers across the Western Hemisphere.”
“Consumers today are demanding food that is good for the environment, for the body, for the mind, and for the development of a better you—while still being delicious,” said Juan Luciano, ADM chairman and CEO. “Backed by the vast capabilities of ADM and Marfrig, PlantPlus Foods brings together a unique blend of innovation, scale, insight and expertise in this exciting, fast-growing market.”
