Mtisui & Co. Inc. (USA), the U.S. arm of the Japanese commodities trader, Mitsui & Co. Ltd. has announced it has acquired a 50% stake in Bluegrass farms of Ohio Inc., a breeder and handler of non-GMO soybeans in a deal worth $15 million including debt.
Mitsui, which currently handles approximately 40% of Bluegrass Farms’ products, pursued the acquisition as part of its plan to capitalize upon the growing global demand for foods made from non-GMO grains including baby food and tofu.
Bluegrass Farms, which also handles non-GMO corn, establishes contracts with farmers to produce soybeans from non-GMO seeds that it has developed. The company then clean and packages the oilseeds and ships them via container to markets within the U.S. and overseas in Asia.
Lynda Kiernan is Editor with HighQuest Group Media and of the Oilseed & Grain News. If you would like to submit a contribution for consideration, please contact Ms. Kiernan at firstname.lastname@example.org.