Through acquiring a pet food ingredients production facility in Bowden (Canada), the ingredients supplier ventures into the pet industry.
The Bowden Facility produces unique blends of milled red lentils, green lentils, chickpeas, pinto beans, yellow peas and green peas to produce specific nutritional profiles for pet food manufacturers. These ingredients offer a nutritious input into both dog and cat food, providing manufacturers with a healthy, environmentally sustainable plant-based protein source that serves as an alternative to animal-based ingredients.
In addition, the Bowden facility is designed to extract valuable ingredients from the by-products at GFI's other facilities, greatly reducing waste through the extraction and segregation of by-products into pet food ingredients and other feed ingredients.
"This acquisition provides a significant growth opportunity for GFI to enter the fast-growing pet food market, furthering the plant-based movement. We can now offer healthy and sustainable, high protein formulated plant-based ingredients for pets that are cost effective and replace animal-based ingredients," said David Hanna, CEO of GFI. "The new capabilities acquired through this acquisition enhance the Company's operations and represents a key step forward in realizing GFI's zero waste strategy, maximizing the value of every step throughout our production systems while boosting profitability."