ADM Acquires Harvest Innovations To Boost Ingredient Portfolio

  • Thursday, 04 February 2016 09:56
  • Published in Business News
  • Read 1207 times

With the plant proteins and gluten-free ingredients from Harvest Innovations, Archer Daniels Midland Company has increased its ability to cater to the current consumer trends of the market.

Archer Daniels Midland Company (ADM) has announced that it has reached an agreement to purchase a controlling stake in Harvest Innovations, a company with minimally processed, expeller-pressed soy proteins, oils and gluten-free ingredients.

More and more consumers are looking for foods that are gluten-free, not genetically modified, and that are healthy and organic, commented Vince Macciochi, president of ADM’s Wild Flavours and Specialty Ingredients business unit. With the acquisition, the company can now also provide customers with a fully integrated soy protein and gluten-free supply chain and products.

On the acquisition, Barry Nadler, president and co-owner of Harvest Innovations commented: “This is a great opportunity for the Harvest business, the Harvest team and Harvest customers. We’re excited to join our resources and expertise with ADM’s to grow our business, and to serve more customers with more products, more innovation, and more great customer service.”

ADM will expect to close the transaction in the coming months, subject to regulatory approval.

APFI About Us

Asia Pacific Food Industry (APFI) is Asia’s leading trade magazine for the food and beverage industry. Established in 1985, APFI is the first BPA-audited magazine and the publication of choice for professionals throughout the industry with its editorial coverage on the latest research, innovative technologies, health and nutrition trends, and market reports.

Asia Pacific Food Industry is published by Eastern Trade Media Pte Ltd. The company owns numerous trade and consumer titles, including Asia Pacific Metalworking Equipment News and Industrial Automation Asia.


View Now