Bunge Buys MCN BioProducts Assets

WHITE PLAINS, N.Y.Bunge Limited announced the purchase of substantially all of the assets, including the patent portfolio, of MCN BioProducts Inc., a privately-held Canadian technology company. Financial terms of the transaction were not disclosed.

Assets purchased include intellectual property related to the conversion of canola and rapeseed meals into nutritionally dense protein concentrates that can replace both fish meal and vegetable protein concentrates in animal diets, including aquaculture.

Miguel Oliveira, Executive Director, Bunge Global Innovation, said, Animal nutrition continues to evolve and requires innovative products that deliver value in sustainable ways. MCNs technology opens up opportunities for Bunge to provide protein alternatives in markets where we already operate, as well as in new ones. Importantly, the new concentrates are produced via a patented enzymatic water-based process that can be added to an existing canola and rapeseed crushing plant without affecting oil quality or yield. As a global agribusiness and food company, Bunge has the right operational expertise and asset network to successfully commercialize this process and leverage it in our core businesses in the years to come."