NEWS 14 FEED & ADDITIVE MAGAZINE April 2023 Corteva and Bunge develop amino acid-enhanced soybeans for feed industry Corteva Agriscience and Bunge announced significant advancements in the development of more nutritious soybean meals for the animal feed industry, specifically suited for poultry, swine, and aqua feed. The companies will have a multi-year collaboration to develop and commercialize soybean varieties that can create a potential new value stream opportunity for soybean farmers while giving feed compounders a new option to reduce their use of synthetic additives, lower costs, and shrink their carbon footprint Through this collaboration, Corteva is leveraging its expertise in germplasm, gene editing, and traits discovery to develop soybean varieties with greater protein content, optimized amino acid profiles, and lower levels of anti-nutritional factors. Early field trial research has confirmed Corteva’s approach to boosting protein levels and significantly increasing the proportion of the key amino acids, methionine and lysine in the soybean while maintaining the high field and oil yields. Globally, sales of synthetic methionine and lysine for feed applications exceed $10 billion annually, and the market is expected to grow with underlying animal protein demand. Read more>> US pet food brands Natural Balance and Canidae to combine Natural Balance, a leading premium specialty pet food brand, and Canidae, a premium, sustainable pet food company, entered into a definitive merger agreement to combine. The combination unites two renowned specialty pet food brands with complementary yet differentiated offerings to drive innovation and growth for the benefit of pet parents everywhere. Terms of the transaction were not disclosed. For more than 30 years, Natural Balance has offered premium products with high-quality, protein-forward ingredients spanning dog food, cat food, and treats. Similarly, since its founding 25 years ago, Canidae has a rich history in the pet food space, offering both dog and cat food products with a focus on goodness for pets and the planet through regenerative agriculture and sustainable operations. The combination will leverage both companies’ shared passion for improving the well-being and lives of pets through simple nutrition, responsibly sourced ingredients, and protein-rich products. The combined company’s flagship offerings will include Canidae’s Pure, Goodness, and All Life Stages, as well as Natural Balance’s Limited Ingredient (LI) and Original Ultra product lines. As part of the transaction, L Catterton, a leading global consumer-focused investment firm and majority shareholder of Canidae, and Nexus Capital Management, an alternative asset investment company and majority shareholder of Natural Balance, are each contributing new growth capital to support the successful integration and strategic long-term expansion of the combined company. Read more>>
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