Collaboration positions Calyxt’s high oleic soybean meal for sale into the dairy nutrition market
MINNEAPOLIS-ST. PAUL, Minn.–(BUSINESS WIRE)–Calyxt, Inc. (NASDAQ: CLXT), a healthy food ingredients company, today announced that it has entered into a commercial crushing agreement with Landus Cooperative, significantly expanding Calyxt’s network of processing partners. With this agreement, Landus Cooperative, with decades of soybean crushing experience, will manufacture, purchase and distribute soybean meal.
This agreement positions Calyxt’s high oleic soybean meal as an ingredient for the dairy nutrition market with the benefits of Calyxt’s Identity Preserved model.
Landus Cooperative, a farmer-owned cooperative, is the sixth largest grain company in North America (based on storage capacity) aggregating more than 170 million bushels of corn and soybeans annually. Headquartered in Ames, Iowa, Landus Cooperative has locations in more than 60 communities in Iowa, approximately 7,000 members and annual revenues of more than $1.2 billion.
“We’re excited to work with another cooperative of superior caliber, thereby expanding our geographic footprint and improving scalability, which better positions us to operationalize our go-to-market strategy and serve large global consumer packaged goods brands,” said Jim Blome chief executive officer with Calyxt. “Landus Cooperative’s well-established position as a leader in the dairy nutrition space will only bolster our reputation and further establishes trust in us as a healthy food ingredients company.”
Calyxt high oleic soybeans will be processed in Landus Cooperative’s state-of-the-art crush plant in Ralston, Iowa which consumes more than 21 million bushels of soybeans annually.
“Calyxt is a bridge between consumers and food companies looking to domestically source healthier and more sustainable ingredients, and the potential benefits of high oleic soybean meal make this an exciting new alternative,” said Milan Kucerak, chief executive officer with Landus Cooperative. “We have long been the tie between the farmer and end-user markets. With Calyxt’s unique technology, our shared vision is now for specific acres to be planted for a targeted, consumer-destined purpose, in turn, elevating the value of what was once just a commodity.”
Calyxt is committed to making the food you love a healthier choice. The care we take extends beyond nutritional value. We partner with farmers and food companies to deliver traceable plant-based products developed to be healthier and more sustainable than their conventional counterparts. We use cutting edge plant breeding techniques to develop products that help improve diets by reducing bad fats, allergens and toxins. Today oil from our high oleic soybean plants has lower saturated fats than commodity soybean oil. We are also developing high fiber wheat designed to provide an excellent source of daily fiber when incorporated into wheat-based foods. We continuously pursue innovation to deliver good food that is good for you.
Calyxt is located in Roseville, MN, and is listed on the Nasdaq market (ticker: CLXT). For further information please visit our website at www.calyxt.com. Calyxt®, Calyno™ and the corporate logo are trademarks owned by Calyxt, Inc.
About Landus Cooperative
Landus Cooperative® is a farmer-owned agricultural cooperative headquartered in Ames, Iowa, with about 600 full-time employees at locations in more than 60 communities and approximately 7,000 member-owners. Our diversified cooperative offers precision agronomy services with approximately 40 agronomists; AcreEdge®, a proprietary member-owned brand of soybeans; expert risk management services; domestic and global grain merchandising; and manufactures a branded, high bypass protein soybean meal for dairy herds across the globe. For more information, visit www.LandusCooperative.com
Trina Lundblad, Director of Communications
Simon Harnest, VP Corporate Strategy and Finance
Alicia Heun, Director of Communications