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Solbar Acquires North American Plant

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By: Sean Moloughney

Editor, Nutraceuticals World

Solbar USA, Inc., a subsidiary of Israel-based Solbar Industries Ltd., has acquired the Green Planet Farms plant to produce soy protein isolates in South Sioux City, NE, for approximately $7.75 million.

The Green Planet Farms plant, which specialized in production of soy processing, was built in 2008 and includes new assembly lines and modern equipment and technology to produce soy protein isolate. The plant was built with the goal of using an eco-friendly process that separates protein from oil without the use of chemicals. The purchase is expected to strengthen the company’s presence in the U.S. market. Solbar will also examine plans to expand the factory, if necessary.

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