In Chicago, ADM has acquired Brazilian plant-based extracts company Yerbalatina for an undisclosed sum.
The company uses cool-drying technology to transform fruits, vegetables and other plants – such as acerola, acai, guarana and green coffee – into a wide variety of extracts and ingredients for customers in the food, beverage and health industries. Its portfolio includes more than 100 botanical products and solutions includes functional nutrition and health ingredients; organic food colorings; organic powdered fruits; organic vegetable milks; and organic nutritional extracts.
“Yerbalatina’s wide array of natural botanical extracts — including organic-certified ingredients — combined with their R&D capabilities and market expertise, are exciting additions to our pantry as we continue to build our leadership position in science-based microbiome solutions for human and animal health,” Vikram Luthar, president of ADM’s Health & Wellness business, says in a press release.
Vince Macciocchi, president of ADM’s Nutrition business, says the global retail market for foods, beverages and supplements that support health and wellness is estimated at $750 billion. “The addition of Yerbalatina represents yet another tool in our portfolio as we continue to unlock the power of nature to enrich the quality of life.”