CHICAGO and VANCOUVER, B.C. — Archer Daniels Midland Co. will become the exclusive global marketer and distributor of stevia and monk fruit sweeteners made by GLG Life Tech Corp. under an agreement announced by the two companies June 6.
|Rodney Schanefelt, director of sugar and high-intensity sweeteners for ADM|
“More and more consumers are looking for healthier foods that are made with natural ingredients and taste great,” said Rodney Schanefelt, director of sugar and high-intensity sweeteners for Chicago-based ADM. “ADM is already helping customers meet that growing demand with our comprehensive portfolio of ingredients and flavors. Now, we’re expanding that portfolio even further by offering customers around the world a wide array of great stevia and monk fruit sweeteners. We are pleased to partner with GLG, which has a demonstrated advantage in developing non-G.M.O. stevia varietals and a pipeline of future innovative products.”
Vancouver-based GLG Life Tech is a vertically integrated producer of zero-calorie natural sweeteners, including stevia extracts and monk fruit extract. The company had revenues of $7,357,000 in the fiscal year ended Dec. 31.
|Brian Meadows, president and c.f.o. of GLG Life Tech|