World Food Processing, a global soybean supply company headquartered in Oskaloosa, Iowa, has bought a soy protein isolate manufacturing facility from Kerry Flavors and Ingredients, an arm of food giant Kerry Group, for an undisclosed amount.
With the new acquisition, World Food Processing plans to expand its non-GMO and organic ingredient soybean division, while strengthening its footprint in providing the same to a growing industry.
The US soybean company has upgraded the acquired facility that has a capacity of 5,000mt, and has also commenced the production of its product line.
At the soy protein isolate manufacturing facility, purchased from Kerry, World Food Processing will produce hexane free organic and non-GMO soy protein isolates as well as conventional IP/non-GMO soy protein isolates.
World Food Processing founder and CEO Jerry Lorenzen said the company has had a long-term business relationship with Kerry Flavors and Ingredients, supplying the soybean division with whole soybeans for the past nine years.
"The acquisition of the Kerry Soy Protein Isolate Plant is especially exciting because it puts the final link of the World Food closed-loop system in place positioning us to supply safe and pure Organic and Non-GMO soy food ingredients," Lorenzen added.
World Food Processing is an international non-GMO and organic genetic breeding company, vertically integrated into procurement, seed conditioning, ingredient processing and food formulations.
The American company said that its entire process is completely traceable from genetics to conversion of soy foods, with various operational facilities located in Oskaloosa, Iowa; Randolph, Minnesota; and Turtle Lake, Wisconsin.
Kerry Group is a public food company headquartered in Ireland, and employs about 20,000 people throughout its manufacturing, sales and technical centres across Europe, North America, South America, Australia, New Zealand and Asian markets.
