Marfrig, ADM announced the completion of regulatory approvals and the formal launch of PlantPlus Foods, a joint venture that will offer a wide range of finished plant-based food products across North and South America, backed by unmatched technology, scale and experience.
 
The Chicago-based joint venture will serve customers with a focus on North and South America, with the ability to reach other global markets.
 
Marfrig, one of the world’s leading beef producers and the world’s largest beef patty producer, owns 70% of the venture; ADM, a leading global nutrition company, is a 30% owner. Marfrig will be responsible for finished product production and distribution, utilizing its facilities in South America, mainly in Várzea Grande, in the Brazilian state of Mato Grosso, and its facilities in the United States. ADM will supply innovative technical expertise, application development and an array of plant-based ingredients, flavors and systems from its specialty protein complex in Campo Grande, Mato Grosso do Sul, and its network of US-based ingredient and flavor facilities, including its new pea protein plant in Enderlin, North Dakota.
 
Forward-Looking Statements
Some of the above statements constitute forward-looking statements. ADM’s filings with the SEC provide detailed information on such statements and risks, and should be consulted along with this release. To the extent permitted under applicable law, ADM and Spiber assume no obligation to update any forward-looking statements.

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