FXM Ingredients and Cosucra do deal for Mexican distribution
Headquartered in Belgium, Cosucra’s portfolio includes protein isolate, fiber, and starches from pea and inulin fiber from chicory root.
The memorandum of understanding between the companies means Mexican manufacturers can use the applications laboratory and culinary center at FMX Ingredients’ facility in Monterrey to test Cosucra ingredients.
“We are already a supplier to Mexican companies, this will just make it easier,” said Frank Truong, general manager of Cosucra in the US, Canada, and Mexico.
“Mexico is a country with good macro-economic fundamentals. Right now [there are] good trade relations between Belgium and Mexico," Truong told FoodNavigator-LATAM.
“What’s unique about FMX Ingredients is they have all the capabilities we like in a local partner, meaning they have food scientists and culinary chefs in their R&D center in Monterrey,” he said.
Francisco Xavier Morales, president and founder of FXM Ingredients said the deal was complementary to its business model and was in alignment with FXM’s strategic vision for growth.
Cosucra’s ingredients will continue to be produced in its two factories in Belgium, and exported worldwide from there.
The memorandum of understanding was inked last month. One sports nutrition company based in Guadalajara, Mexico has already benefitted and the resulting product, which contains pisane pea protein, is on supermarket shelves, according to Truong.
The American continent accounts for around 20% of Cosucra’s global turnover, said Truong.
“We’re just starting off in Latin America so [our business] there is small but we’re confident [thanks to] the consumer trends there and our solutions that can help address health and wellness issues.”
According to Truong, demand in Brazil for plant-based proteins is also promising and demand is even greater than in Mexico.
