Archer Daniels Midland Company (ADM) announced at the start of February that it would buy a controlling stake in US-based Harvest Innovations, which uses expeller pressing to produce non-GMO and gluten-free ingredients.
“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.
Harvest Innovations expeller-presses grains, legumes and oilseeds to produce ranges including non-GMO soya chips, expeller-pressed soya flour and textured vegetable protein, organic soya crisps, and gluten-free flours and pastas.
It is based in Indianola, Iowa, and has a second processing facility in Deshler, Ohio.
ADM said it expected the deal to close in the next few months.