In yet another move to bolster their plant-based portfolio, DSM has signed an agreement to acquire Norwegian company Vestkorn Milling for EUR 65 m. Vestkorn produces pea and bean-derived protein, starches and dietary fibres for plant-based products.
The acquisition is a further step in DSM’s strategy to build an alternative protein portfolio, which includes CanolaPRO rapeseed protein isolate to launch next year across Europe and North America. DSM recently joined forces with French agro-industrial group Avril to develop this protein based, non-GMO canola. The facility of Saipol, a subsidiary of the Avril Group, will be fully dedicated to producing canola proteins.
The proteins, starches and dietary fibres from Vestkorn complement DSM’s portfolio of companies developing plant-based F&B. These include vitamins, algal lipids and minerals, texturizing hydrocolloids, flavours, yeast extracts and enzymes to improve protein taste and functionality.