CHICAGO — Archer Daniels Midland Co. has agreed to purchase a controlling stake in Harvest Innovations, which offers expeller-pressed soy proteins, oils and gluten-free ingredients. Harvest Innovations uses expeller pressing to turn grains, legumes and oilseeds into non-bioengineered, organic and gluten-free ingredients, including non-bioengineered soy chips, expeller-pressed soy flour, textured vegetable protein, organic soy crisps, and gluten-free flours and pastas.
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| Vince Macciocchi, president of ADM’s Wild Flavors and Specialty Ingredients business unit |
“More and more consumers are looking for foods that are gluten-free, that aren’t genetically modified, and that are healthy and organic, and ADM is perfectly positioned to meet those needs,” said Vince Macciocchi, president of ADM’s Wild Flavors and Specialty Ingredients business unit. “We were already the provider of choice for a wide range of healthy, clean label ingredients, and in the last year, we’ve significantly expanded our product portfolio. Today’s addition perfectly complements our existing ingredient businesses and offers customers a full-service, one-stop shop for their ingredient needs.”
Harvest Innovations is based in Indianola, Iowa, and has a second processing facility in Deshler, Ohio.
“This is a great opportunity for the Harvest business, the Harvest team and Harvest customers,” said Barry Nadler, president and co-owner of Harvest Innovations. “We’re excited to join our resources and expertise with ADM’s to grow our business and to serve more customers with more products, more innovation and more great customer service.”
