The wholly owned U.S. subsidiary of Solbar Industries Ltd. says it is buying the former Green Planet Farms plant in South Sioux City for $16 million.
Solbar USA President Greg Horn said Thursday that the company expects to invest $10 million more for equipment.
Horn says 40 workers will be hired to begin operation by Oct. 1. He says that 60 more workers could be added within a year.
The plant will turn soybean flour into a soy protein isolate, which is used in nutrition bars, beverages, sports drinks and vegetarian foods.
Solbar USA is based in Oakdale, Minn. Solbar Industries is based in Ashdod, Israel, and has plants there and in Ningbo, China." (source)
