White River Soy Processing Purchases Benson Hill Ingredients

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White River Soy Processing, LLC (White River), a developer and operator of oilseed processing plants in the U.S., announced today that it purchased Benson Hill Ingredients, LLC, which operates an established food grade soybean processing facility in Creston, Iowa, from Benson Hill, Inc.

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Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Wednesday, February 14, 2024
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Tags: 
Technology, Supermarket, Specialty, Food, Beverage, Agriculture, Natural Resources, Retail, Oil, Gas, Alternative Energy, Energy, Food Tech, Acquisition, Soybean, Benson E. Hill, Risk management, Farmer, Flour, Entrepreneurship, GMO, White, Soybean oil
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UNITED STATES, NORTH AMERICA, NEBRASKA, SEYMOUR, IOWA, CRESTON, WHITE RIVER, INDIANA
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WHITE RIVER SOY PROCESSING, WHITE RIVER SOY PROCESSING, LLC
Summary
Key Points: 
  • White River Soy Processing, LLC (White River), a developer and operator of oilseed processing plants in the U.S., announced today that it purchased Benson Hill Ingredients, LLC, which operates an established food grade soybean processing facility in Creston, Iowa, from Benson Hill, Inc.
    “We are pleased to add another valuable asset to our growing company,” said Walter Cronin, Co-Founder and President of White River.
  • “Today’s acquisition displays White River’s commitment to our company’s mission to supply better nutritional outcomes to our customers, as well as meet the growing need for high-quality soy protein products,” said Gordon Glade, Co-Founder of White River.
  • White River, headquartered in Omaha, Neb., separately purchased Benson Hill’s soybean processing facility located in Seymour, Ind., on Oct. 31, 2023, and announced in December 2023 it had been selected to develop an oilseed processing facility near North Platte, Neb.
  • The company is supported by agricultural-focused investors, and its team has decades of experience in grain processing, from plant operations to risk management and finance.


White River Soy Processing, LLC (White River), a developer and operator of oilseed processing plants in the U.S., announced today that it purchased Benson Hill Ingredients, LLC, which operates an established food grade soybean processing facility in Creston, Iowa, from Benson Hill, Inc.

“We are pleased to add another valuable asset to our growing company,” said Walter Cronin, Co-Founder and President of White River. “We appreciate the collaboration from Benson Hill to successfully complete this transaction and admire its focused commitment to the Creston team members, the plant’s many valued customers, and the community of Creston to ensure a smooth ownership transition.”

Approximately 55 team members at the Creston facility became employees of White River when the transaction closed on Feb. 13, 2024. Plant operations will continue seamlessly to meet contractual obligations to customers at both ends of the value chain, from farmers to protein consumers.

“Today’s acquisition displays White River’s commitment to our company’s mission to supply better nutritional outcomes to our customers, as well as meet the growing need for high-quality soy protein products,” said Gordon Glade, Co-Founder of White River. “The purchase of the Creston facility allows us to expand what we started at the Seymour, Indiana, facility while also expanding our product offerings into the food grade market.”

The Creston facility processes both non-GMO and GMO soybeans to produce soybean meal, soy white flake, flour, grits and soybean oil for domestic and global markets for use as food and feed ingredients and the foundation for the production of concentrates, isolates, and textured soy protein products. White River, headquartered in Omaha, Neb., separately purchased Benson Hill’s soybean processing facility located in Seymour, Ind., on Oct. 31, 2023, and announced in December 2023 it had been selected to develop an oilseed processing facility near North Platte, Neb. The company is supported by agricultural-focused investors, and its team has decades of experience in grain processing, from plant operations to risk management and finance.

About White River Soy Processing

White River Soy Processing, LLC, headquartered in Omaha, Neb., develops and operates oilseed processing facilities in the U.S. With a commitment to excellence in production and safety for our employees, our team leverages decades of experience in soybean processing and is driven to produce the highest quality vegetable protein meal and oil for better nutritional outcomes. We are passionate about building lasting partnerships with farmers, contributing to our communities, and delivering superior soybean products to our customers. Learn more at www.whiteriversoy.com.

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