ADM, Marfrig Acquire and Create a Plant-Based Joint Venture

Jan. 21, 2022
Acquisitions of Sol Cuisine and Hilary's signal birth of PlantPlus Foods.

With two small acquisitions, ADM and Marfrig have teamed up to enter the plant-based analogue field in North America by creating PlantPlus Foods, a joint venture that combines the new acquisition Sol Cuisine and last year's purchase of DEW Drink Eat Well (dba “Hilary’s”).

Sol Cuisine makes branded and private label plant-based protein offerings across center-of-plate and appetizer categories. Products are offered through an omni-channel distribution platform in Canada, the U.S. and Mexico.

Hilary’s creates plant-based burgers and sausages that are non-GMO, free from the top 12 common food allergens and distributed in the U.S. and Canada. The price nor sales level of neither acquisition was disclosed.

ADM, of course, is the U.S.-based but multinational supplier of agricultural products and commodities trading. It lays claim to the first soy burger more than 30 years ago. Brazil's Marfrig claims to be the world's largest maker of hamburger patties and the second largest beef company. In the U.S., it owns National Beef,and up till 2018 it owned Keystone Foods.

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