The new agreement makes ADM the exclusive global marketer and distributor of an “extensive array of low-calorie sweeteners” produced by GLG.
Ingredients firm Archer Daniels Midland (ADM; Chicago) has entered into a new partnership with stevia producer GLG Life Tech (GLG; Vancouver) that’s designed to meet growing demand for stevia and monk fruit sweeteners worldwide. Under the agreement, which was announced earlier this month, ADM will be the exclusive global distributor and marketer of an “extensive array” of GLG’s low-calorie sweeteners made from monk fruit and stevia.
“This partnership-combining GLG’s capabilities and reputation as one of the largest, most trusted manufacturers of low-calorie sweeteners with ADM’s global distribution capabilities and existing ingredient portfolio-offers tremendous opportunities for both companies and their customers,” said Brian Meadows, president and CFO of GLG. “Consumers are demanding healthy, delicious foods and drinks with clean labels, natural ingredients, and reduced added sugar. Together, ADM and GLG will be the go-to source for food and beverage companies looking to meet that demand.”
ADM’s Rodney Schanefelt, director of sugar and high-intensity sweeteners, added that the move further enhances ADM’s portfolio of clean-label ingredients and flavors.
“We are pleased to partner with GLG, which has a demonstrated advantage in developing non-GMO stevia varietals and a pipeline of future innovative products,” said Schanefelt.