Business
Bunge Completes Acquisition of IFF's Soy Protein Concentrate, Lecithin, and Crush Business
Bunge now positioned to better serve customers seeking higher protein and lecithin ingredient sol...
About this update from Big Gold, Inc.
[{"type":"text","content":"Bunge Completes Acquisition of IFF’s Soy Protein Concentrate, Lecithin, and Crush Business\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n\n Bunge now positioned to better serve customers seeking higher protein and lecithin ingredient solutions\n \n\n\n\n\n Bunge (NYSE:BG) today announced the closing of its acquisition of the soy protein concentrate, lecithin, and soy crush businesses from International Flavors & Fragrances, Inc. This transaction aligns with Bunge's strategy to optimize its ingredients portfolio, aiming to offer a more diverse range of solutions to customers.\n \n\n The acquired businesses include IFF's Response®, Alpha®, Procon®, and Solec™ brands. These additions complement Bunge’s existing protein portfolio, creating a range of textured, functional, and powdered soy protein concentrates to support the development of higher-protein products in bakery, snacks, meats, alternative meats and more. It also enhances the company’s lecithin offerings, which now include a more complete line of liquid, powdered, and fractionated lecithins from soy, sunflower, and rapeseed to optimize the production and texture of confectionery, bakery and other products.\n \n\n \"We are excited to integrate IFF’s soy protein concentrate, lecithin, and crush business and welcome our new colleagues to Bunge,\" said Brian Douville, vice president of emulsifiers and proteins at Bunge. \"This transaction reinforces our commitment to be recognized by food and beverage customers as a partner of choice providing a diverse and reliable range of ingredient solutions to our global customers, supporting supply chain resilience.\"\n \n\n\n About Bunge\n \n\n At Bunge (NYSE: BG), our purpose is to connect farmers to consumers to deliver essential food, feed and fuel to the world. As a premier agribusiness solutions provider, our team of ~34,000 dedicated employees partner with farmers across the globe to move agricultural commodities from where they’re grown to where they’re needed—in faster, smarter, and more efficient ways. We are a world leader in grain origination, storage, distribution, oilseed processing and refining, offering a broad portfolio of plant-based oils, fats, and proteins. We work alongside our customers at both ends of the valu...