Feed market expansion is strategic priority for Benson Hill in shift to asset-light business model

[ad_1]

Around 30 team members will become employees of White River, ensuring a smooth transition for customers.

And Benson Hill said it will honor contracts up to 2024 with its farmer partners who deliver grain to Seymour. The parties also expect to finalize a grain supply and licensing agreement to continue processing Benson Hill’s proprietary soybeans through the facility.

The non-GM soy producer said it is exploring options to divest its remaining manufacturing assets as it transitions to its new asset-light business model focused on expansion into animal feed markets, complementing its food ingredient business.

The divestitures are expected to significantly lower working capital requirements and will help extend liquidity, it reported.

[ad_2]

Source link