Ingredion (INGR) and Lantmannen announce a new long-term collaboration. Lantmannen is an agricultural cooperative and Northern Europe’s player in agriculture, bioenergy, food and ingredients. The collaboration will begin with the fulfillment of European market needs for pea protein isolates and various facets of sales, product innovation, and process enhancement. Lantmannen will invest more than 100M euros in a factory in Sweden, while partnering with Ingredion to develop a differentiated portfolio of plant-based protein isolates based on yellow peas. Construction of the production plant will be completed in 2027.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INGR:
- Ingredion Unveils Strategies at 2024 Texture Innovation Day
- Ingredion appoints Mark Karns as VP, corporate development and M&A
- Ingredion price target raised to $147 from $128 at BMO Capital
- Ingredion price target raised to $178 from $147 at Oppenheimer
- Ingredion price target raised to $168 from $145 at Barclays