IFF has sold its soy protein concentrate, lecithin and soy crush businesses to Bunge. The transaction strengthens Bunge’s ingredient portfolio while allowing IFF to further focus on its core taste, scent and nutrition platforms.
Bunge has announced the closing of its acquisition of the soy protein concentrate, lecithin, and soy crush businesses from International Flavors & Fragrances (IFF). The company indicates that this transaction aligns with its strategy to optimize its ingredients portfolio, aiming to offer a more diverse range of solutions to customers.
The acquired businesses include IFF’s Response®, Alpha®, Procon®, and SolecTM brands. These additions complement Bunge’s existing protein portfolio, creating a range of textured, functional, and powdered soy protein concentrates to support the development of higher-protein products in bakery, snacks, meats, alternative meats and more. It also enhances the company’s lecithin offerings, which now include a more complete line of liquid, powdered, and fractionated lecithins from soy, sunflower, and rapeseed to optimize the production and texture of confectionery, bakery and other products.
“We are excited to integrate IFF’s soy protein concentrate, lecithin, and crush business and welcome our new colleagues to Bunge,” said Brian Douville, Vice President of Emulsifiers and Proteins at Bunge. “This transaction reinforces our commitment to be recognized by food and beverage customers as a partner of choice providing a diverse and reliable range of ingredient solutions to our global customers, supporting supply chain resilience.”
