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ADM Buys Extracts and Ingredients Manufacturer
January 7, 2020
2 Min Read
ADM purchased the Brazilian firm Yerbalatina Phytoactives. Image courtesy of Flickr user ATSF104
American agribusiness Archer Daniels Midland (ADM) is expanding its offerings of natural plant-based extracts and ingredients with the acquisition of Brazil-based firm Yerbalatina Phytoactives, a company press release announced Tuesday.
“Yerbalatina’s wide array of natural botanical extracts – including organic-certified ingredients – 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,” Vikram Luthar, president of ADM’s Health & Wellness business, said in a statement.
Yerbalatina produces over 100 products – including functional nutrition and health ingredients, organic food colors, and organic powdered fruits – using a proprietary cool-drying technology.
“The global retail market for foods, beverages, and supplements that support health and wellness is estimated at $750 billion, and growing,” ADM Nutrition President Vince Macciocchi said in the release. “From prebiotics and probiotics to enzymes, botanical extracts, and nutritional oils, the breadth and depth of our expertise and our portfolio ensure tha tour customers have everything they need to lead in this space. The acquisition of Yerbalatina represents yet another tool in our portfolio as we continue to unlock the power of nature to enrich the quality of life.”
ADM’s footprint in Brazil currently includes an alternative protein manufacturing complex in Campo Grande, beverage extracts, bases, and compounds production sites in Manaus and Uberlandia, and 13 animal nutrition facilities. The company also processes oilseeds at eight locations in the country.
Last month, ADM opened a new Animal Nutrition Technology Center in Decatur, IL that will develop ingredients and nutrition solutions and further collaboration between the company and its customers.
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