Ingredion Invests in NorQuin Extending Plant-Based Protein Portfolio
Move allows company to globally distribute quinoa flours with exclusive commercial agreement
Ingredion Incorporated, a leading global provider of ingredient solutions to the food manufacturing industry, announced that it has entered into an exclusive commercial agreement with Northern Quinoa Production Corporation to globally distribute and market NorQuin's quinoa flours, which will be grown and milled in the Canadian plains. In addition to the commercial exclusivity, the Company has concluded a financial agreement, which includes the option of a future equity investment in NorQuin.
“We are excited to enter into an agreement with NorQuin to further expand our specialties portfolio with quinoa flours and capitalize on the plant-based protein trend shaping the global food industry,” said Jim Zallie, Ingredion’s president and CEO. “Consumers today are looking for foods and beverages made with real ingredients that are familiar, trusted, sustainably sourced and authentic. This latest investment complements our pulse-based protein portfolio, unlocks future growth opportunities and enhances our ability to co-create with our customers to deliver consumer-preferred foods and beverages that are nutritious and taste great.”