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Tag Archives canola protein

Artist’s rendering of the Merit Functional Foods plant under construction in Winnipeg. (Merit Foods graphic)
Canola, Crops, Peas

Bunge buys into canola, pea protein maker Merit

Agribusiness giant takes quarter stake in processor

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One of the world’s biggest grain companies is getting in on a processing facility under construction in Winnipeg to extract plant-based proteins from canola and peas. Winnipeg-based Merit Functional Foods announced Thursday it has received a $30 million “capital investment” from Bunge, giving the U.S. grain firm a “minority interest” worth 25 per cent. Burcon […] Read more
An artists’ rendition of the Merit Functional Foods plant under construction in Winnipeg. (Meritfoods.com)
Canola, Crops, Peas

Plant protein processor backed for expansion

Lenders arrange up to $85 million for Merit Functional Foods

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The money has been lined up to fund a major expansion for a Winnipeg pea and canola protein processing plant that’s still being built. Merit Functional Foods Corp. announced May 4 it has secured a debt financing package of up to $85 million from “a syndicate of lenders” including Export Development Canada, Farm Credit Canada […] Read more

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