Benson Hill, Inc., a food tech company unlocking the natural genetic diversity of plants with its food innovation engine, has announced the expansion of its ingredients infrastructure by entering into a definitive agreement to purchase a soybean crushing facility from Seymour, Indiana-based Rose Acre Farms. This investment represents a significant milestone in the execution of the Company's growth plan, and will be funded through the expansion of Benson Hill's debt facility with Western Technology Investment.
Benson Hill's integrated supply chain strategy combines improved crop innovation through its CropOS technology platform with traceable field to fork production. This acquisition will further solidify the Company's position in the value chain to support production of a robust portfolio of proprietary, non-GMO, identity preserved and sustainable soy protein and oil ingredients for the human food and animal feed markets.