Brazil-based Amaggi, the largest soybean grower in the world, announced it has acquired a majority stake in Denofa, a Norwegian producer of non-GMO oilseeds for an undisclosed amount.
This deal comes one year after Amaggi established a European division with an initial office in Rotterdam, and will align with the company’s strategic plan to expand its non-GMO business.
Denofa is the only producer in Scandinavia that makes soybean meal and oil as well as lecithin from non-GMO soybeans for the feed and food industries. The company comes with a crushing facility in Fredrikstad, Norway, with a capacity of 430,000 tons per year, and a rapeseed oil processing operation in Poland. This crush capacity will be added to Amaggi’s existing annual crush capacity of 2.4 million tons from its three plants in Brazil.
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 email@example.com.