ADM, GLG partner for stevia, monk fruit sweeteners

AS NEW partners, Archer Daniels Midland Company (NYSE: ADM) and GLG Life Tech Corporation (TSX: GLG) will manufacture, market, sell and distribute low-calorie stevia and monk fruit sweeteners to their worldwide customers. They agree that GLG will produce an array of low-calorie sweeteners made from stevia and monk fruit, while ADM will be the exclusive global marketer and distributor of those ingredients to food and beverage companies worldwide.

This collaboration will expand ADM’s range of natural ingredients, according to company director for sugar and high intensity sweeteners, Rodney Schanefelt. “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.”

“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, GLG President and CFO. “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.”