Kemin Industries announced it has acquired Proteus Industries. The company retained the entire Proteus team.
Kemin Industries, a global ingredient manufacturer, announced it has acquired Proteus Industries, Inc., a food technology and ingredient company that developed and patented novel clean label protein ingredients and applications to improve yield.
The acquisition adds sustainable clean label yield enhancement technology to the global Kemin Food Technologies portfolio of ingredient solutions.
Proteus Industries, Inc. was founded in 2001 in Gloucester, Mass. as a privately owned food technology and ingredient company.
Kemin will rebrand the ingredient technology as Proteus®, which is now available to Kemin customers in the United States to help commercial food processors improve retention of moisture and texture without reliance on artificial ingredients. This provides manufacturers the opportunity to meet the label claims and product attributes consumers desire, while reducing input costs and achieving greater yields.
"Kemin Food Technologies is excited to welcome Proteus to the Kemin family," said Marc Scantlin, President, Kemin Food Technologies – Americas. "We have retained the entire Proteus team. Together, we will work to further develop this exciting technology, providing a sustainable protein source and new solution for our customers, while meeting an important need in the marketplace."
Kemin said that the acquisition will add several new technologies to the company’s existing portfolio of ingredient solutions in the USA. These are listed as flows:
- Clean label phosphate alternative to meet consumer demand while also increasing yield and water-holding capacity
- Meat block replacement used in conjunction with phosphate, for additional yield and water retention while meeting USDA formulation regulations
- Fat block for fried foods forming a protein crust around items that inhibits frying oil from being absorbed into breading
"This acquisition is timely, as this technology allows us to provide the industry with additional product offerings and expanded production capabilities," said Giuseppe Abrate, Group President, Kemin Food and Human Nutrition. "It is also a game changer, as it enables us to achieve the Kemin mission to sustainably transform the quality of life for consumers."
"We are excited for the future, as Kemin and Proteus bring together the dedication, technology, innovation, manufacturing and human resources to offer solutions on a larger scale," said Bill Fielding, former Proteus CEO, now General Manager within Kemin Food Technologies.
Kemin, a family-owned-and-operated company, supplies over 500 specialty ingredients for human and animal health and nutrition, pet food, aquaculture, nutraceutical, food technologies, crop technologies, textile, biofuels and animal vaccine industries.
Proteus Industries, Inc. is a privately owned food technology and ingredient company that created, developed, and patented novel clean label protein ingredients and applications to improve yield, nutrition, and quality in a variety of meat and poultry and protein-based applications.