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ADM to Acquire Non-GMO Ingredients Provider Sojaprotein
USAgNet - 07/27/2021

Global nutrition leader Archer Daniels Midland Co. (ADM) announced today that it has reached an agreement to acquire Sojaprotein, a leading European provider of non-GMO soy ingredients.

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.

“Thirty years ago, ADM invented the soy vegetable burger, giving rise to the plant-based protein segment," said Leticia Gonçalves, ADM’s president of Global Foods. "Today, alternative proteins represents one of our core growth platforms, and as this $10 billion global industry grows to $30 billion over the next decade, we are investing to expand our unparalleled capabilities. The addition of Sojaprotein – the largest producer of plant-based protein in southern Europe – adds production capacity in addition to an impressive network of customers who are leading the way in meeting consumer needs for nutritious and responsible plant-based foods and beverages."


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