CANADA – Archer Daniels Midland Co. (ADM) has unveiled its Wisium premix and nutrition services brand in eastern Canada even as its corporate venture capital arm, ADM Ventures injected funds into a microbiome focused fund.
Following the launch, Wisium offerings will be now available in Quebec, Ontario and Maritimes include Transi Up, Egg Quality Concept, Feet Up, and PURlite.
Near Infrared Technologies offering quick predictions of nutrient values to ensure quality of raw materials and finished feeds.
In addition, Wisium will offer Near Infrared Technologies that provide quick predictions of nutrient values to ensure quality of raw materials and finished feeds.
ADM in a statement said that it will make additional offerings available in the coming months.
“The Wisium offer expansion is an important next step as we create a global network of customizable nutrition solutions to give producers an edge in solving feed production challenges,” said François Fernandez, vice president of Wisium Premix and Services.
In France, ADM Ventures, the corporate venture capital arm of ADM, announced that it had invested in Seventure’s Health For Life Capital (HFLC) Fund II.
Based in Paris, HFLC is a venture capital fund dedicated to health, nutrition, microbiota and digital health.
The investment is inline with ADM’s increased focus on “new, innovative solutions that can lead to a more balanced bacterial system in your digestive tract and can help lead to better health.”
“With a better understanding of how the microbiome ecosystem works, we can develop functional ingredients for dietary supplements and food and beverage solutions targeted to help improve overall health,” said Darren Streiler, managing director of ADM Ventures.
Seventure has created a name for itself as the premier investor in microbiome start-ups focused on human health and nutrition.
The venture capital has previously invested in companies including functional ingredients producer MycoTechnology and self-cleaning water bottle creator, Larq, as well as a host of companies in the microbiome category.
Since 2018, ADM has worked closely with the Seventure team to identify opportunities with microbiome solutions that can ultimately help with dietary supplements and food and beverage applications to serve as functional or proactive solutions.
“We believe Seventure can help meet the long-term demand we see as the result of the convergence of food and pharmaceuticals and consumers looking more towards bioactives and nutrition for wellness solutions,” Streiler said.
As part of its focus on nutritional ingredients, ADM has recently unveiled plans for a new probiotics production facility in Valencia, Spain.
The expansion project represents a five-fold increase in probiotics production capacity through ADM Biopolis.
The facility, which will produce microbiome solutions targeting areas including weight management, skin health, immune health and gut health, is planned to be online in 2022.
Liked this article? Subscribe to Food Business Africa News, our regular email newsletters with the latest news insights from Africa and the World’s food and agro industry. SUBSCRIBE HERE
