Settlement expands each corporations’ capabilities in servicing a fast-growing and evolving various protein market
WESTCHESTER, Ailing., Nov. 14, 2024 (GLOBE NEWSWIRE) — Ingredion (NYSE:) Included (NYSE: INGR), a number one world supplier of ingredient options for meals, beverage and industrial purposes, and Lantmännen announce a brand new long-term collaboration. Lantmännen is an agricultural cooperative and Northern Europe’s main participant in agriculture, bioenergy, meals and components. The collaboration will start with the achievement of European market wants for aggressive, sustainably sourced, and prime quality pea protein isolates and varied aspects of gross sales, product innovation, and course of enhancement.
Lantmännen will make investments greater than 100 million euros in a state-of“the-art manufacturing facility in Sweden, whereas partnering with Ingredion to develop a differentiated portfolio of plant-based protein isolates primarily based on yellow peas. Building of the manufacturing plant can be accomplished in 2027.
By becoming a member of forces with Lantmännen, we’re increasing our footprint within the European market. This marks a big milestone in our technique to solidify our place as a worldwide chief within the plant-based protein business, mentioned Mike O’Riordan, Ingredion’s senior vp of texture and healthful options in EMEA. This partnership permits us to leverage our mixed strengths to ship superior, sustainably sourced pea protein isolates that meet the evolving wants of the worldwide market.
Partnering with Ingredion is a game-changer for us, mentioned Lars-Gunnar Edh, government vp of the Lantmännen Power Sector and CEO of Lantmännen Biorefineries. Ingredion’s intensive market attain and deep experience in course of engineering and product growth completely enhances our vertically built-in manufacturing capabilities. Collectively, we’re poised to revolutionize the plant-based protein market with revolutionary, high-quality pea protein isolates.
Study extra about what’s subsequent in plant-based proteins at Meals Elements Europe on 19-21 November 2024 in Frankfurt, Germany. Go to with Ingredion at sales space 3.1H90 and Lantmännen at sales space 4.2 H53.
ABOUT INGREDION
Ingredion Included (NYSE: INGR), headquartered within the suburbs of Chicago, is a number one world ingredient options supplier serving prospects in almost 120 nations. With 2023 annual internet gross sales of roughly $8 billion, the Firm turns grains, fruits, greens, and different plant-based supplies into value-added ingredient options for the meals, beverage, animal diet, brewing and industrial markets. With Ingredion Concept Labs ®¯innovation facilities positioned world wide and greater than 12,000 staff, the Firm co-creates with prospects and fulfills its function of bringing the potential of individuals, nature, and know-how collectively to make life higher. Go to ingredion.com for extra data and the most recent Firm information.
ABOUT LAN™Ã„NNEN
Lantmännen is an agricultural cooperative and Northern Europe’s chief in agriculture, equipment, bioenergy and meals merchandise. Owned by 18,000 Swedish farmers, now we have 12,000 staff, operations in over 20 nations and an annual turnover of over $7 billion. Our firm is based on the data and values acquired by generations of farmers. With analysis, growth and operations all through the worth chain, collectively we take accountability from area to fork. www.lantmannen.com
TRADE MEDIA CONTACTS
Ingredion EMEA: Thomas Embleton, Tel: +44 (0) 1782 28450, E-mail: ingredion@lesniakswann.com
Lantmännen’s press workplace: Tel: 010 556 88 00, E-mail: press@lantmannen.com
A photograph accompanying this announcement is obtainable at https://www.globenewswire.com/NewsRoom/AttachmentNg/bd5f3645-1c0b-4384-a041-fed8e0e4553d
