The new facility will boost the company’s presence in growing edible oil and animal feed markets, and will create opportunities in renewable energy feedstock markets.
The acquired assets include a customer distribution network across the Northeast and Mid-Atlantic states and production operations in Maryland, New Jersey, Delaware and South Carolina.
The PIER (Plant-based food Ingredients to be Egg Replacers) project aims to replace 10% of the eggs used globally as ingredients in food products such as baked goods, dressings, desserts and ready meals.