July 13, 2007

Solae completes acquisition of Cargill's Isolated Soy Protein line

Solae takes over the isolated soy protein (ISP) Prolisse product from Cargill including the patented member technology for processing ISP, according to company executives. 

Solae is a joint venture between DuPont and Bunge Limited and a leading supplier of soy protein for food-based products.

Solae will modify Cargill's products and technology into an existing plant to ensure reliability of supply. Both Solae and Cargill are committed to a smooth transition and has pledged to guarantee customers will continue to be serviced with the current level of commitment without any interruption.

Solae CEO Tony Arnold says the acquisition is expected to gain new technology and enhance its ability to take new products to market as well as offering new solutions to the customers. Adding Cargill's membrane-based technology and patents to Solae's existing portfolio will enable Solae to offer a wider range of products and innovation, he said.

The Solae Company is a food innovation and ingredient manufacturing organization, providing meat, food and beverage manufacturers across the world with Better Ingredients for Better Living. It is headquartered in St. Louis, Missouri, USA, with annual revenue exceeding US$1 billion.