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.