Cargill has signed a joint venture agreement with Puris, the largest North American producer of pea protein. Financial terms of the deal were not disclosed.
With Cargill’s financial backing, Puris expects to add substantial capacity, including a second plant, while maintaining focus on U.S. production, said Tyler Lorenzen, president of Puris.
|Tyler Lorenzen, president of Puris|
“Cargill is investing in everything Puris stands for, from our vertically integrated non-G.M.O. pea seed development to our proprietary technologies and our commitment to U.S. Certified Organic pea farmers,” he said. “With Cargill’s support, our plant-based ingredients become available to customers and consumers on a global scale. Our founder set out to feed the world in 1986. Now it’s coming true.”
Formerly known as World Food Processing, Puris produces pea protein, starches, fibers and other non-G.M.O. ingredients from soy, pulses, lentils and corn for use in a range of applications, including powders, mixes, energy bars and cereals. All products are vegan, gluten-free, dairy-free and allergen-free.
|David Henstrom, vice-president, Cargill Starches, Sweeteners and Texturizers|