The company expects to sell the facility and property
Westchester, Ill., -based Ingredion Incorporated closed its facility in Vanscoy, Sask.
The closure took place as of Jan. 6, a Dec. 31, 2024, filing with the U.S. Securities and Exchange Commission says.
“The decision to cease operations of the Vanscoy manufacturing facility was made after a strategic review of this business,” the filing says, adding that the plant employed about 20 people.
Ingredion expects to sell the manufacturing facility and property but as of Dec. 31 hasn’t entered into any contract of sale.
Ingredion completed its total purchase of Verdient Foods in November 2020, which included two facilities in Vanscoy.
The facilities “can produce a wide range of high-quality, sustainable, specialty pulse-based concentrates and flours from peas, lentils and faba beans,” the release says.
Titanic and Avatar director James Cameron and his wife Suzy Amis Cameron sold Ingredion the final 20 per cent of Verdient it didn’t own yet.
The Camerons were announced as investors in Verdient in September 2017.
“Ideally, we want to set up a business model where the organic premium that’s paid by consumers now (is passed) up the chain to the producer,” Cameron said during a press conference at the time.