Agspring Announces Creation of Function O-Foods

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Functional foods company addresses consumer food ingredients.

Functional foods—those foods that offer tangible health benefits beyond basic nutrition—represents a strong and growing market segment

Today Agspring announced the formation of Function-O Foods, a new functional foods company developing and marketing innovative consumer ingredients to the foodservice and retail consumer goods marketplaces. Function-O Foods includes the acquisition of Simply Omega, a foodservice protein brand and Organic ID a new organic consumer food ingredient producer.

“Functional foods—those foods that offer tangible health benefits beyond basic nutrition—represents a strong and growing market segment,” said Dennis Krause, CEO of Function-O Foods. “Our plan involves leveraging the internal strengths of Agspring to bring compelling new ingredients to market including both protein and grain products.”

Function-O Foods is headquartered with Agspring in the Kansas City area with a growing base of operations across the United States. Currently, Function-O Foods operates the Simply Omega brand focused on healthy protein products in the foodservice market available through US Foods, a leading national distributor. Simply Omega products are currently available via US Foods in the Midwest with additional regions gaining availability during 2014.

“As Agspring continues to grow this year we believe that consumer food ingredients offer an exceptional opportunity for market expansion and supply chain improvement,” said Brad Clark, President of Agspring. “The Function-O Foods team will offer foodservice clients, such as independent restaurants, and consumer packaged goods brands ingredients with a powerful combination of attractive health benefits and consistent high quality.”

About Simply Omega
Simply Omega, owned by Function-O Foods, is a new and innovative line of branded and co-branded protein products that deliver natural elevations of Omega-3 fatty acids without any change to the taste profile of beef, chicken, pork and dairy products. Simply Omega brings sound science together with the right production systems to deliver healthier protein to the market. Simply Omega focuses on delivering a way consumers can eat better, healthier food without changing their eating habits. Simply Omega has formed an exclusive relationship with US Foods, one of the largest broad-line food distributors in the US, to deliver healthier protein options in restaurants, hospitals and other foodservice customers throughout the US.

About Organic ID
Organic ID, also owned by Function-O Foods, is a scaled supply chain production system that works directly with large, consumer packaged goods companies and other processors of organic and other “good for you” foods to produce and source key organic and other specialties inputs. Combining scaled operations, modern and efficient production technologies and coordination with large users of key inputs will position Organic ID to be a leader in the organic and functional food supply chain.

About Agspring
Agspring combines entrepreneurial teams, essential agriculture supply chains, and superior capital partners for global success feeding our changing world. Deep equity and credit relationships provide Agspring a solid platform for capital improvement and expansion. Agspring maintains decentralized operations and puts leadership teams in place who desire to grow into new markets including grains and oilseeds; livestock feed ingredients; and consumer food ingredients.

Agspring and Function-O Foods are trademarks of Agspring, LLC. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.

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Bradford Warner
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