Agribusiness company Archer-Daniels-Midland Co. said Jan. 7 that it acquired Brazil-based Yerbalatina Phytoactives, a manufacturer of natural plant-based extracts and ingredients.
Financial terms of the transaction were not disclosed.
Yerbalatina produces extracts and ingredients from plants such as acerola, acai, guarana and green coffee for use in food, beverage and health industries. Archer-Daniels-Midland said the acquisition will allow it to expand its existing operations in Brazil.
"Yerbalatina’s wide array of natural botanical extracts — including organic-certified ingredients — combined with their [research and development] capabilities and market expertise, are exciting additions to our pantry as we continue to build our leadership position in science-based microbiome solutions for human and animal health," said Vikram Luthar, health and wellness president.
The Chicago-based food processing company has more than 6,000 employees in Brazil and runs an extensive human and animal nutrition business in the country, including an alternative protein production site in Campo Grande; beverage extracts, bases and compounds production in Manaus and Uberlandia; and 13 animal nutrition facilities.