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#8 ADM acquires Serbian soy protein company

In Chicago, agribusiness giant ADM has acquired Serbia’s Sojaprotein, a leading provider of non-GMO soy ingredients, for an undisclosed sum.

Founded in 1977, Sojaprotein produces vegetable protein ingredients for customers in the meat alternative, confectionary, protein bar, pharmaceutical, pet food, and animal feed segments. It recorded $100 million in sales in 2020 and exported to 65 countries.

The deal represents a significant expansion of ADM’s global alternative protein capabilities and its ability to meet growing demand for plant-based foods and beverages. Other recent alternative protein investments by ADM include a soy protein complex in Campo Grande, Mato Grosso do Sul, Brazil; a new pea protein plant in Enderlin, North Dakota; a joint venture, PlantPlus Foods; and partnerships with startups like Air Protein.

More on the story, here.