Solbar provides soy protein ingredients to manufacturers in the meat, vegetarian, beverage, bars and crisps, confectionary, bakery, and pharmaceutical manufacturing markets.
“The Solbar acquisition deepens our presence in the value-added soy protein market segment, and fits into CHS aspirations for business growth in food and food ingredient markets and global commodities expansion,” said Mark Palmquist, CHS executive vice president and chief operating officer, Ag Business.
CHS has soybean processing, refining, and soy product manufacturing operations in Minnesota, Iowa, and Kansas. Solbar operations and its approximately 400 employees will be managed through CHS Oilseed Processing in the Ag Business division.
Solbar CEO Shaul Shelach says he is confident CHS is well-positioned to take Solbar products and operations to the next level. “Both Solbar and CHS have a strong customer focus, a commitment to quality, interest in building market share and soy product manufacturing expertise,” said Shelach.
Source: CHS
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