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Media
Room - News Release
CONTACT: Natasha Webster
The Solae Company
Office: (314) 659-3626
Cell: (314) 910-2650
nwebster@solae.com
SOLAE ACQUIRES ISOLATED SOY PROTEIN PRODUCT LINE FROM CARGILL
ST. LOUIS, MO – July 11, 2007 –Solae,
a joint venture between DuPont (NYSE: DD) and Bunge Limited (NYSE:
BG) and the leading supplier of soy protein for food-based products,
announced today that it has completed the acquisition of Cargill’s
isolated soy protein (ISP) Prolisse? product line including the
patented membrane technology for processing ISP. Financial terms
were not disclosed.
“The combination of Solae’s ISP business and Cargill’s
Prolisse? product line is a perfect fit,” says Solae President
and CEO Tony Arnold. “We are committed to the soy ingredient
industry and this investment will enable us to continue serving
customers with quality and reliability.”
Solae will transition Cargill’s products and technology into
an existing plant, thus ensuring reliability of supply. Both Solae
and Cargill are committed to a smooth transition. Both companies
will make every effort to ensure that all customers will continue
to be serviced with the current level of commitment without any
interruption.
“At Solae, we are excited to be a global partner in delivering
innovation that improves our customers’ products,” says
Arnold. “With this purchase, we gain new technology that will
enhance our ability to take new products to market and will allow
us to offer more solutions for our 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.
About Solae
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™. Headquartered
in St. Louis, Missouri, USA, with annual revenue exceeding $1 billion,
the company was formed through an alliance between Bunge Limited
(NYSE: BG) and DuPont (NYSE: DD). For more information, visit www.solae.com
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