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Bunge Invests in Merit Functional Foods


Bunge Ltd. A multinational commodity dealer and processor has invested $30 million in Merit Functional Foods, based in Winnipeg, Canada.  The company produces a range of plant-based protein ingredients used by manufacturers of alternatives to real meat.  Additional capacity will become operational in December to extract protein from canola seed.


Bunge is a major canola processor in Canada and will provide Merit with both technology and raw material.  Currently Merit produces Peazazz mixture and Peazaz protein in addition to Puratein canola protein and MeritPro, a blend of pea and canola derived protein.