MINNEAPOLIS, Dec. 9, 2015 /PRNewswire/ -- Led by a private investment firm, Killer Whale Holding, Captain Drake LLC acquired the million-bushel grain terminal, with dedicated rail, in North Dakota to provide its clients with a facility to handle the exploding demand for Non-GMO (non-genetically modified organism) commodities. "We consider this to be another strategic asset for our food and beverage clients seeking suppliers committed to guaranteeing the integrity and purity of Non-GMO commodities throughout the supply chain. Producers know commodities stored, transported or commingled with GMO product can become contaminated," said Mark Anderson, President. "By providing growers and end -users this key facility, Captain Drake will consolidate and streamline the sourcing of Non-GMO grain in the Red River Valley. Non-GMO seed cost less, has similar yields, and the farmer can obtain a premium for their product."
Approximately 94% of all corn and soybeans grown in the U.S is genetically modified. Anderson believes "it is very possible that the next boom in ND won't be oil, but Non-GMO, and identity preserved corn and soybeans." While the U.S and Canada still have no mandatory labeling laws, more than 64 countries do, and 88% of U.S consumers demand to know if their food contains GM ingredients. The domestic Non-GMO market is growing by double digits and is the fastest growth food category with approximately $13B in sales.
Captain Drake LLC (www.captdrake.com), is privately held, WBENC certified, and headquartered in Minnetonka MN, was launched in 2013 to specifically source and handle Non-GMO food and beverage ingredient from around the globe, and has gained the necessary Non-Project Verified Certification (www.nongmoproject.org) for it's citric acid, sodium citrate, potassium citrate, conventional cane and organic cane sugar. The company's customers are supported with a JIT supply chain through 12 strategically locate warehouses.
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SOURCE Captain Drake LLC