Sector News

ADM acquires plant-based ingredients manufacturer Yerbalatina

January 10, 2020
Food & Drink

Archer Daniels Midland (ADM) has acquired a natural plant-based extracts and ingredients manufacturer Yerbalatina Phytoactives, in a move to strengthen its position in the health and wellness market.

The acquisition will expand ADM’s business in Brazil, which includes an alternative protein production facility in Campo Grande, and its beverage extracts, bases and compounds production in Manaus and Uberlândia.

As a result of the deal, ADM will acquire Yerbalatina’s portfolio of natural botanical extracts, as well as its research and development capabilities.

Based in Colombo, Yerbalatina uses cool-drying technology to convert fruits, vegetables and other plants including acerola, acai, guarana and green coffee into a wide variety of extracts and ingredients for customers in the food, beverage and health industries.

The company’s range of more than 100 botanical products and solutions includes functional nutrition and health ingredients, organic food colourings, organic powdered fruits, organic vegetable milks, and organic nutritional extracts.

Vikram Luthar, president of ADM’s health and wellness business, said: “Yerbalatina’s wide array of natural botanical extracts combined with their R&D capabilities and market expertise, are exciting additions to our pantry as we continue to build our leadership position in science-based microbiome solutions for human and animal health.”

Vince Macciocchi, president of ADM’s nutrition business, said: “The global retail market for foods, beverages and supplements that support health & wellness is estimated at $750 billion, and growing. From prebiotics and probiotics to enzymes, botanical extracts, and nutritional oils, the breadth and depth of our expertise and our portfolio ensure that our customers have everything they need to lead in this space.

“The addition of Yerbalatina represents yet another tool in our portfolio as we continue to unlock the power of nature to enrich the quality of life.”

Other acquisitions ADM have made in the health and wellness market include the purchase of UK-based probiotic supplement manufacturer Probiotics International Limited (PIL) for £185 million in 2018. Meanwhile, in 2017, ADM purchased Biopolis, a European company focused on probiotics and other health-promoting microbial technologies.

By Emma Upshall

Source: FoodBev

Related News

August 13, 2020

Plant-based giant promotes superior carbon credentials with on-pack labels

Food & Drink

Plant-based nutrition leader Upfield will introduce on-pack carbon labeling on 100 million packs of its spreads, margarines, butters and creams by the end of 2021. The carbon labels are designed […]

August 13, 2020

S2G Ventures to invest up to $100m in ocean and seafood firms

Food & Drink

S2G Ventures has announced that it will invest up to $100 million under a new strategy focused on firms promoting sustainability in the ocean and seafood supply chain. The company has […]

August 13, 2020

CCEP adopts recyclable paperboard rings for multipacks

Food & Drink

Coca-Cola European Partners (CCEP) has announced the introduction of CanCollar, a new paperboard packaging solution for its multipack cans. The certified recyclable paperboard-based rings will first launch in the Balearic Islands […]