The Burcon facility will be owned by Merit Functional Foods Corporation, which is 40% owned by Burcon. Merit … Johann Tergesen CEO at Burcon NutraScience Corporation Vancouver, BC. As such, “it’ll be the only commercial canola protein production facility in the world,” he said. The pea-protein craze has led to Manitoba landing its second pea processing facility, a C$65 million ($49.84 million) plant near Winnipeg. Join to Connect Merit Functional Foods. Get a clean start to your product innovation. It was incorporated on 15 May 2019 (Wednesday) in Canada and as of 15 May 2019 (Wednesday) is an active company. As an alternative to the large national food distributors, we aim to enhance your business through strong personal relationships, competitive pricing, and … Merit Functional Foods’ new production facility is under construction in Winnipeg, Manitoba, Canada. “All of this is creating a lot of job opportunities for the people in Western Canada. In Canada, the industry grew by 11 per cent to $412M CDN in 2018 and that number is expected to increase dramatically. “The investment will allow us to rapidly expand our ability to meet market demand for our plant-based proteins, which include pea and canola,” says Bracken. The companies are Just Hemp Foods Inc, Burcon Functional Foods Corporation, and Merit Functional Foods Corporation. In addition, the Canadian government announced financing of almost $100 million for Merit Functional Foods’ new Winnipeg facility. Ultimately, Bracken says his company chose the Winnipeg region to grow its operation because of the city and region’s capacity to support its utility requirements including water, wastewater, power, and natural gas as well as its access to skilled labour and responsive government. ... Email Address. To say the plant protein and plant-based product industry has been growing around the world might be a bit of an understatement. When the plant does go online, Merit will hit the ground running. Partnering with Burcon in this venture means Merit is a protein industry innovation leader from day one. ©Merit “We are thrilled to be partnering with Nestlé to optimize these already exciting novel plant proteins,” Burcon’s President and CEO Johann F. Tergesen said. Canada is a global leader in growing peas and is the biggest single producer of canola. Merit Functional Foods Corp. has already broken ground on its new $65-million pea and canola protein production plant in the BrookPort industrial park in the northern part of Centreport only months after closing its financing. Merit Foods LLC. “By triaging requests and issues, and bringing in partners to the table as needed, it means companies are supported effectively through the entire process.”. Financed by a debt financing package of $85m provided by a syndicate of lenders, the new plant will increase the company’s production capacity and propel growth. The production facility is expected to be completed by the fourth quarter of 2020. In January, Merit, Burcon, and world food giant Nestlé announced a partnership to develop and commercialize Merit’s novel plant protein ingredients for use in Nestlé’s plant-based foods and beverages. The $65 million facility is expected to process up to 20,000 tonnes of yellow field peas annually and will be the world’s only commercial-scale food-grade canola protein production facility. The remaining 60 per cent of Merit is owned by Shaun Crew, Barry Tomiski and Ryan Bracken, who were involved in the founding of Hemp Oil Canada Inc. It is claimed to be the world’s first commercial canola-protein manufacturing plant. The company's filing status is listed as Active and its File Number is 1141008-3.The company's principal address is 2200 - 201 Portage Avenue, Winnipeg, MB R3B 3L3 CA. The funding will commercialize and expand production capacity to address the growing global demand for plant proteins. © 2021 Economic Development Winnipeg Inc. Merit Functional Foods Corporation is a Canada Corporation filed on May 14, 2019. We’re excited to be a part of the great news stories coming out of Winnipeg, Manitoba, and Western Canada.”, Subscribe to our blogfor more great content, Suite 810, One Lombard PlaceWinnipeg, ManitobaCanada R3B 0X3. A Merit Functional Foods canola and pea protein-processing facility near Winnipeg is slated to be up and running by the end of the year with the help of financial investment from Protein Industries Canada, the company announced at a news conference January 10. France-based Roquette Freres SA is constructing a pea processing facility near Portage la Prairie, Manitoba that is expected to be up and running next year. A vegetarian burger made with a canola protein powder. There’s so much demand for pea protein that “we are actually realizing that the plant we’re building is too small,” Tergesen said. Merit Functional Foods Corporation is building a $65-million, 65,000-square-foot facility that will produce both pea and canola protein. Search 30 Merit jobs now available in Winnipeg, MB on Indeed.com, the world's largest job site. Merit Functional Foods Corporation is a company governing under the Canada Business Corporations Act - 15 May 2019 (Wednesday). Merit Functional Foods is building a 94,000 square foot production facility in Winnipeg to produce high quality pea and canola proteins. Search 26 Merit Functional Foods jobs now available on Indeed.com, the world's largest job site. Merit Functional Foods is developing a 65,000ft 2 pea protein and canola protein production facility in the northern part of Centreport, Manitoba, Canada. Construction is well under way on the Merit Functional Foods 94,000-square foot production facility in Winnipeg, scheduled to be fully operational in December. Before it's here, it's on the Bloomberg Terminal. MarketsFarm — Somewhere outside Winnipeg, a new pea and canola processing plant is scheduled to be in production by August 2020. Merit Foods aims to be the best local independent family owned full-line food Distribution Company in Arizona. The feds will be financing $100 million for the new Merit Functional Foods plant. The plant will be able to swing between producing pea and canola protein, Tergesen said an interview Monday at Burcon’s technical center in Winnipeg. “The Team Manitoba approach creates a one-stop-shop for companies like Merit to get the support they need to grow their operations in Winnipeg,” says Ryan Kuffner, EDW’s Vice President of Sales and Business Development. Pea protein has become the latest food craze as consumers are looking for more alternative options to meat that taste appealing. . Merit Foods LLC distribute food and related products on a wholesale basis. “We will use a proprietary extraction and purification technology to produce the highest quality plant-based portfolio of pea and canola protein ingredients.”. The Burcon NutraScience Corp. is planning to open a 20,000-ton processing facility in mid-2020, which will create 80 to 85 jobs, according to Chief Executive Officer Johann Tergesen. Merit Functional Foods has started construction of its $80 million 88,000 square foot canola and pea protein production facility near the airport in Winnipeg.Burcon NutraScience Corporation, a Canadian company and global technology leader in the development of plant-based proteins, is … All of that work will happen in Merit’s new state-of-the-art canola and pea processing facility. It’s also one of five innovation superclusters where the Canadian government brings together small, medium and large companies, academic institutions, and not-for-profit organizations to serve as anchors of innovation, growth and job creation across the country. It might seem like an impressive resume for a company that is less than a year old, but the players behind this venture have been hard at work in the industry for more than 20 years. Companies like Beyond Meat use pea protein as an ingredient. WINNIPEG, Manitoba — Merit Functional Foods, in consortium with Pitura Seeds and The Winning Combination, announces today that it has received a co-investment from Protein Industries Canada (PIC), which will facilitate the rapid growth of the new company. Merit was born out of a joint venture between Burcon Nutrascience, which was already a global technology leader in the development of plant-based proteins, and three veteran food industry executives -- Shaun Crew, Barry Tomiski and Ryan Bracken, formally with Manitoba Harvest and Hemp Oil Canada. Vancouver, British Columbia, June 12, 2019 — Burcon NutraScience Corporation (TSX: BU), a global leader in developing functionally and nutritionally valuable plant-proteins, is pleased to introduce the investor group and joint venture partner for its new $65 million pea-protein and canola-protein production facility to be built in Western Canada. By Martin Cash. As of March 2020, PIC has invested $70 million into Canada’s plant protein ecosystem so far. Merit Functional Foods Corporation is building a $65 million facility near Winnipeg that would produce both pea and canola protein. The pea-protein craze has led to Manitoba landing its second pea processing facility, a C$65 million ($49.84 million) plant near Winnipeg. PIC is a not-for-profit organization created to position Canada as a global source for high-quality plant protein and plant-based products. “Our founders also happen to be Manitobans and proud to support their local economy,” says Bracken. Have a confidential tip for our reporters? As demand grows, new companies are lining up to capture a piece of the protein pie and Manitoba’s Merit Functional Foods is front and centre. Vaccine Shift Stirs New Unease as 128 Million Join Line, Wall Street Fumes at 11th-Hour Rule From Trump Bank Watchdog, Pfizer Investigates Post-Vaccine Death for Possible Connection. Merit will market Burcon’s pea and canola proteins to food manufacturer companies. Construction is well under way on the Merit Functional Foods 94,000-square foot production facility in Winnipeg, scheduled to be fully operational in December 2020. 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