- Canadian-based Blendtek Ingredients Inc., an ingredient solutions and product development company, has signed a plant protein distribution agreement with Bunge Ltd (NYSE:BG) in North America.
- Blendtek will distribute Bunge’s protein portfolio to key market segments. Blendtek will also provide product formulation expertise and blending capabilities.
- Under the agreement, Blendtek will offer Bunge proteins made from soy, pea, faba, lentil, and mung, including concentrates and isolates, as well as powders and textures.
- Bunge’s proteins can be used to make many products across meat and dairy alternatives, sports & nutrition, snacks, bakery, pet, processed meat, and more.
- Price Action: BG shares are trading higher by 1.72% at $95.72 on the last check Wednesday.
Gold Gains 1%; Richmond Fed Manufacturing Index Falls In December
U.S. stocks traded higher midway through trading, with the Dow Jones index gaining around 80 points on Wednesday.
The Dow traded up 0.22% to 37,626.76 while the NASDAQ rose 0.06% to 15,084.02. The S&P 500 also rose, gaining, 0.06% to 4,777.57.
