Ingredion and Lantmännen Create Strategic Partnership to Accelerate Development of Plant-Based Proteins
15 Novembre 2024 - 5:00AM
Ingredion Incorporated (NYSE: INGR), a leading global provider of
ingredient solutions for food, beverage and industrial
applications, and Lantmännen announce a new long-term
collaboration. Lantmännen is an agricultural cooperative and
Northern Europe's leading player in agriculture, bioenergy, food
and ingredients. The collaboration will begin with the fulfillment
of European market needs for competitive, sustainably sourced, and
high quality pea protein isolates and various facets of sales,
product innovation, and process enhancement.
Lantmännen will invest more than 100 million euros in a
state-of–the-art factory in Sweden, while partnering with Ingredion
to develop a differentiated portfolio of plant-based protein
isolates based on yellow peas. Construction of the production plant
will be completed in 2027.
“By joining forces with Lantmännen, we are expanding our
footprint in the European market. This marks a significant
milestone in our strategy to solidify our position as a global
leader in the plant-based protein industry,” said Mike O’Riordan,
Ingredion’s senior vice president of texture and healthful
solutions in EMEA. “This partnership allows us to leverage our
combined strengths to deliver superior, sustainably sourced pea
protein isolates that meet the evolving needs of the global
market.”
“Partnering with Ingredion is a game-changer for us,” said
Lars-Gunnar Edh, executive vice president of the Lantmännen Energy
Sector and CEO of Lantmännen Biorefineries. “Ingredion’s extensive
market reach and deep expertise in process engineering and product
development perfectly complements our vertically integrated
production capabilities. Together, we are poised to revolutionize
the plant-based protein market with innovative, high-quality pea
protein isolates.”
Learn more about what’s next in plant-based proteins at Food
Ingredients Europe on 19-21 November 2024 in Frankfurt, Germany.
Visit with Ingredion at booth 3.1H90 and Lantmännen at booth 4.2
H53.
ABOUT INGREDION
Ingredion Incorporated (NYSE: INGR), headquartered in the
suburbs of Chicago, is a leading global ingredient solutions
provider serving customers in nearly 120 countries. With 2023
annual net sales of approximately $8 billion, the Company turns
grains, fruits, vegetables, and other plant-based materials into
value-added ingredient solutions for the food, beverage, animal
nutrition, brewing and industrial markets. With Ingredion Idea
Labs® innovation centers located around the world and more than
12,000 employees, the Company co-creates with customers and
fulfills its purpose of bringing the potential of people, nature,
and technology together to make life better. Visit ingredion.com
for more information and the latest Company news.
ABOUT LANTMÄNNEN
Lantmännen is an agricultural cooperative and Northern Europe’s
leader in agriculture, machinery, bioenergy and food products.
Owned by 18,000 Swedish farmers, we have 12,000
employees, operations in over 20 countries and an annual turnover
of over $7 billion. Our company is founded on the knowledge and
values acquired through generations of farmers. With research,
development and operations throughout the value chain, together we
take responsibility from field 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 office: Tel: 010 556 88 00,
E-mail: press@lantmannen.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/bd5f3645-1c0b-4384-a041-fed8e0e4553d
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