US food technology company Benson Hill has acquired a soyabean crushing facility in Indiana, the company announced on 17 September.
The acquisition of the Rose Acre Farms plant in Seymour would further strengthen the company’s position in the market of supplying proprietary, non-GMO, identity preserved and sustainable soya protein and oil ingredients for the human food and animal feed markets, Benson Hill said.
“The acquisition … represents an important next step in the execution of our playbook for growth,” Benson Hill president (ingredients) Bruce Bennett said in a press release on 13 September.
“This targeted investment can ultimately provide the production capacity to deliver on our integrated business model for commercialisation and scaling of our … soyabean products, including Ultra-High Protein (UHP) soyabean ingredients.”
Benson Hill’s CropOS platform, combines data science and machine learning with biology and genetics to accelerate breeding, according to the company website.
The transaction, which was subject to customary closing conditions, was expected to close by the end of September, Benson Hill said.