Cargill Invests $75 Million in Puris

Tyler Lorenzen, CEO of Puris Proteins LLC (Photo provided by Puris Proteins LLC)

Cargill is a private multinational corporation, based in Minnesota, in the United States.

It was founded in 1865 and has grown to be the largest US corporation that is not publicly traded (in terms of earnings). Certainly, its commercial activities include the purchase, sale, processing, and distribution of grains and other agricultural goods, the cultivation and sale of livestock feed, and the sale of ingredients for the pharmaceutical industry.

Now, less than two years after Cargill’s initial investment in the alternative protein company, Cargill’s latest contribution will help put a Dawson facility into operation, adding 90 jobs in the area and doubling protein production capabilities. puris pea

And it is that the plant-based food manufacturer Puris Proteins LLC will double its pea production, thanks to a new investment of $ 75 million from the food and agriculture giant Cargill.

Help for Puris

It is necessary to indicate that the increase in production will take place at an existing 200,000 square foot facility in Dawson, Minnesota.

Likewise, the investment aims to help Puris, in order to meet the growing worldwide demand for its pea proteins, starches, and fibers.

It should be noted that the Dawson facility, which Puris had purchased before the investment, will be modernized for the production of peas. Puris is expected to bring about 90 new jobs to the area.

The $ 75 million investment comes less than two years after Cargill became a central sponsor for Puris with an initial investment of $ 25 million. This investment, part of a global joint venture between companies, allowed Puris to expand production in the United States and, for the first time, beyond the United States. It also marked Cargill’s first foray into the pea protein business.

David Hedstrom, then vice president of Cargill’s starch, sweetener and texturizer division, now vice president and managing director of the water quality division, said in a statement at the time that Cargill made the investment because Puris was aligned with the mission of Cargill provides label-friendly protein products that did not sacrifice flavor.

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Source: Amanda Ostuni | Twin Cities Business