19 de February de 2024
AMAGGI and Milhão Ingredients sign partnership to expand operations in the ingredients sector
AMAGGI, the largest Brazilian grain and fiber company, took one more important step towards diversifying its business by becoming a partner of Milhão Ingredients, a reference company in the production of high-quality special ingredients.
Milhão Ingredients has as clients large companies such as: Nestlé, Kellogg’s, PepsiCo, Mars, Royal Canin, General Mills, BRF, M. Dias Branco, Heineken, Ajinomoto, and other market leaders operating in the human food and animal nutrition segment.
Currently, AMAGGI already operates in the area of ingredients and animal nutrition, selling corn and soybeans in grains, as well as products derived from crushing soybeans, such as degummed oil and bran. The partnership with Milhão Ingredients expands AMAGGI’s portfolio in the special ingredients segment.
“The partnership, through investment with Milhão Ingredients, is aligned with AMAGGI’s strategy of growth and diversification of our business, always in a sustainable manner. Therefore, we are looking for a partner with the experience of Milhão Ingredients, which today already caters to the most discerning customers in the national and international market, with high-quality products in its segment,” says Judiney Carvalho, CEO of AMAGGI.
Carvalho adds that Milhão will continue to guide the business and that AMAGGI, in turn, will add in governance, within a shared control management. “We want to work together, as is already a tradition for us in other partnerships,” concludes Judiney Carvalho.
This is also the assessment by Leandro Carneiro, one of Milhão’s owning partners and company founders, along with his brother, Luciano Carneiro. He comments that the entry of a partner with AMAGGI’s tradition and credibility represents the possibility of strengthening and expanding the operations of Milhão Ingredients. “The resources from the new business will be used as a form of investing in Milhão itself to further leverage the company’s growth,” stresses Leandro.
“We understand that the relationship with rural producers is essential to guarantee the quality of the ingredients, starting with grain sourcing. I am sure that we will learn a lot together and that this partnership will yield excellent results,” comments Luciano.
The conclusion of the operation is still subject to approval by Cade (Administrative Council for Economic Defense).
Milhão Ingredients
Founded in 2002, Milhão Ingredients has become a reference in high-quality special ingredients, meeting the needs of an increasingly discerning and dynamic market, investing in R&D (Research and Development) to create innovative products, processes and services.
More than 40 ingredients for the food industry are produced from raw materials supplied by Milhão. The solutions offered by the company also cater to the mining, pharmaceutical, chemical and oil extraction industries.
Milhão Ingredients partners with rural producers, offering technical support at all stages of production, from choosing the seed for planting until after harvest.
With important certifications such as FSSC 22000, Non GMO Project Verified, Organic and Ecovadis, Milhão Ingredients values rigor in all its operations, with technical training and a modern industrial facility. Its main plant is located in Goianira (GO).
About AMAGGI
Founded in 1977, AMAGGI is the largest Brazilian grain and fiber company. Present in several stages of the agribusiness chain, the company operates in the agricultural production of grains, fibers and seeds, origination, processing and commercialization of grains and inputs. In addition to river and road transportation of grains, port operations, generation and commercialization of renewable electricity.
Headquartered in Cuiabá (MT), AMAGGI is present in all regions of Brazil, with farms, warehouses, offices, factories, river and road fleet, port terminals and hydroelectric power stations. Abroad, the company has units and offices in Argentina, China, the Netherlands, Norway, Paraguay, Switzerland and Singapore.
AMAGGI sold around 20 million tons of grains and fibers worldwide in 2023, has a commercial relationship base of approximately 5,600 rural producers and produces around 1.5 million tons of grains and fibers annually, between soybeans, corn and cotton.
