March 1, 2002

FOR IMMEDIATE RELEASE
MARCH 1, 2002
FOR MORE INFORMATION, CONTACT:
Roger Kilburn, Devansoy
712.792.9665
info@devansoy.com

Devansoy drastically increases capacity, positions for leadership in natural soy

    Devansoy, a leading supplier of natural soy ingredients, recently announced significant increases in its production capacity, in response to industry demand.
When completed, Devansoy will have increased its current production capacity by 10 times. The increased capacity, achieved through a strategic alliance and the construction of a new processing facility in north central Illinois, is scheduled to be in effect by February 15, 2002.
    Devansoy Chief Operating Officer J. Roger Kilburn sees this as a logical and necessary step to compete in the natural soyfoods industry, which currently accounts for over $2.7 billion in sales annually and is forecasted to grow 35% in 2002.
    “As natural soy products continue to rise in popularity, we wanted to be poised to meet growing demand,” said Kilburn. “If you’re not moving forward, you’re falling behind, and this initiative is definitely a big step forward.”
    A three-decade veteran of the soybean industry, Kilburn currently serves as president of the Soyfoods Association of North America (SANA) and is a member of its board of directors.
    The company has also re-branded itself to reflect its recent changes. Most recently known as Devansoy Farms, the company has shortened its name to Devansoy in an effort to strengthen its position as a forward-focused company. Additional resources in Sales and Technical Services have been added to further support the industry demand.
    “As we prepare to take the lead in the natural soy category, it seemed appropriate to re-examine who we are and what we have to offer,” said Kilburn. “The new name reflects the progressive nature of our efforts.”
Devansoy is a leading supplier of natural soy ingredients made from identity-preserved soybeans. Their products include liquid soymilk concentrate, soymilk powders and soy flours, available in conventional and Organic. All products are IP and Kosher Parve. The company was established in Carroll, Iowa in 1991 by soybean industry standout Elmer Schettler and continues to operate from Carroll.