Calyxt® Enters Commercial Soybean Crushing Agreement with Landus Cooperative
June 24 2019 - 4:30PM
Business Wire
Collaboration positions Calyxt’s high oleic
soybean meal for sale into the dairy nutrition market
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.”
About Calyxt
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
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version on businesswire.com: https://www.businesswire.com/news/home/20190624005516/en/
Media Inquiries Calyxt Trina Lundblad, Director of
Communications Phone: 612-790-0514 Email:
trina.lundblad@calyxt.com
Calyxt Simon Harnest, VP Corporate Strategy and Finance Phone:
646-385-9008 Email: siimon.harnest@calyxt.com
Landus Coopoerative Alicia Heun, Director of Communications
Phone: 515-817-2112 Email: Alicia.heun@landuscooperative.com
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