Marfrig, ADM Formally Launch PlantPlus Foods
Joint venture will offer wide range of finished plant-based food products across North and South America
Marfrig and ADM have completed regulatory approvals and now formally launch PlantPlus Foods, a joint venture that will offer a wide range of finished plant-based food products across North and South America, backed by unmatched technology, scale and experience.
“We’re excited to take this important step forward as we bring together the tremendous resources of two leaders in nutrition,” says 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.”
The Chicago-based joint venture will serve customers with a focus on North and South America, with the ability to reach other global markets.
“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,” says 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.”
Marfrig, one of the world’s leading beef producers and the world’s largest beef patty producer, owns 70% of the venture; ADM, a leading 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.
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, ND.
Marfrig is responsible for managing 13 production units in Brazil, which produce ready-to-eat products such as canned beef, beef jerky, sauces and sachets.In Chile, Marfrig is the leading importer of beef and operates a lamb primary processing unit, which serves numerous countries.
Since inventing textured vegetable protein in 1965, ADM has remained at the forefront of innovation in the plant protein market. Today, it offers a full range of ingredients, unmatched market insight and leading formulation know-how to give our customers an edge. Learn more about ADM’s nutrition solutions by visiting adm.com.