Benson Hill, a St. Louis-based food tech company focused on producing non-GMO, plant-based ingredients, is acquiring a soybean crushing facility in Seymour, Indiana, from Rose Acre Farms.
Benson Hill called the acquisition a “significant milestone” as it continues to expand and plans for a listing on the New York Stock Exchange later this month.
"The acquisition of the Rose Acre Farms soybean crushing facility represents an important next step in the execution of our playbook for growth," said Bruce Bennett, Benson Hill’s president of ingredients. "This targeted investment can ultimately provide the production capacity to deliver on our integrated business model for commercialization and scaling of our innovative soybean products, including Ultra-High Protein soybean ingredients."
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Benson Hill said it more than doubled its contracted acres for soybeans from last year's 30,000 acres to about 70,000 this season. It also is moving towards a merger with Star Peak Corp II, “a special purpose acquisition company created to identify and merge with a market-leading business well-positioned to capitalize on trends in sustainability and emissions reduction,” according to a news release from both companies.
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