Primient

Synonym and Primient strategic partnership

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Company News

Primient and Synonym Partner to Boost Bioproduct Innovation & Commercialization in the US

Primient, established in 2022 when Tate & Lyle sold a controlling stake in its Primary Products business to KPS Capital Partners (with the $350M sale completing just this May), has formed a strategic partnership with Synonym, a biomanufacturing infrastructure developer, to boost bioproduct innovation and commercialization. The partnership leverages Primient’s experience in renewable, plant-based ingredients, and Synonym’s biomanufacturing platforms and aims to accelerate the development of new, functional, and affordable biomaterials in the USA. “The partnership breaks new ground for how companies of all sizes can model, prove out, de-risk, and scale up functional, biobased products using precision fermentation which are better for people and planet,” states Primient on its social channels. “It is a match made to fast-track bioproduct launches and fuel the U.S. …

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KPS acquires plant-based ingredient business Primient

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Investments & Acquisitions

KPS to Acquire Tate & Lyle Plant-Based Ingredient Business Primient

In 2022, US investor KPS Capital Partners acquired a controlling interest in Tate & Lyle’s Primary Products business in North America. This led to the establishment of the independent plant-based ingredient business Primient. Now, Primient has announced that KPS will acquire the remainder of the company, bringing it into sole ownership. The transaction is expected to be completed by the end of July. Primient previously announced that it would make an “unprecedented” $700 million in capital investments over the next five years, with the aim of modernizing the business’ manufacturing footprint and encouraging growth. “Primient’s performance has exceeded our expectations, and this second investment represents KPS’ continued commitment to Primient, its customers, and employees,” said Michael Psaros, Co-Founder and Co-Managing Partner of KPS. “Under our …

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Primient investment

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Investments & Finance

Primient Invests $700 Million to Advance Plant-Based Ingredient Production in the US

Primient, a plant-based food and industrial ingredients supplier, has earmarked an investment surpassing $700 million to bolster sustainable ingredient production across its operational network in the United States to be rolled out over the next five years.  This financial commitment was announced at the “Rooted in Renewal” celebration, held at one of the company’s administration buildings in Decatur, Illinois, and attended by elected officials and industry leaders.  The strategic investment aims to upgrade and advance production assets and methodologies to achieve unparalleled product quality and ensure the longevity of its production capabilities. Notably, the investment encompasses significant enhancements to the company’s Decatur, Illinois facility, with $400 million allocated over the next five years for infrastructural and operational improvements. Jim Stutelberg, CEO of Primient, notes, “The …

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