Written Commentary
Marfrig and ADM Unveil PlantPlus Foods, a Joint Venture Offering Plant-Based Food Products
- May 28, 2020
- ADMIS Research Team
- @TradeADMIS
05/27/2020
New joint venture combines the experience and know-how of both companies for the sale of plant-based products in the North American and South American markets
SÃO PAULO & CHICAGO–(BUSINESS WIRE)– Marfrig (B3:MRFG3 and Level 1 ADR: MRRTY) and ADM (NYSE: ADM) today announced an agreement to create PlantPlus Foods, a joint venture for the sale of plant-based food products across South American and North American markets.
Marfrig, one of the world’s leading beef producers and the world’s largest beef patty producer, and ADM, a leading global nutrition company, already have a successful history working together to develop and produce sustainable, plant-based foods in South America. Now, PlantPlus Foods will expand on that successful relationship.
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