Key Points:
- Louis Dreyfus is set to acquire BASF’s Food and Health Performance Ingredients Business, expanding its presence in the plant-based space.
- The acquisition includes a production facility in Germany and three labs, with 300 BASF employees transitioning to Louis Dreyfus.
- Companies like Louis Dreyfus are looking to enhance their portfolios with healthier ingredients to meet consumer demand.
Insights:
With the purchase of BASF’s assets, Louis Dreyfus aims to become a trusted solutions provider in various sectors such as bakery, non-dairy, and healthcare.
On the other hand, BASF plans to focus on areas like vitamins and feed enzymes, moving away from the plant-based segment.
The plant-based meat industry has faced challenges, prompting companies to reevaluate their strategies and prioritize innovation.
Louis Dreyfus has been expanding its protein ingredients division, with recent investments in pulses and pea protein production.