Marfrig a leading beef producer in Brazil and ADM have established a joint venture company PlantPlus Foods to develop a range of plant-based food products for Latin America.  Marfrig will own 70 percent of the enterprise and will undertake production and distribution through existing and to be expanded facilities in South America.  ADM will provide technical expertise and assist in developing plant-based ingredients from a facility in Campo Grande in Mato Grosso de Sul State.

In commenting on the joint venture, Juan Luciano chairman of ADM noted, “Over the last several years we have invested strategically to build strong leadership positions in fast growing trend areas.  Now, by expanding our relationship with Marfrig we are taking the next step in meeting expanding consumer demand for alternative proteins.