Quinoa company to be acquired by Ardent Mills
With the proposed acquisition of Andean Naturals’ quinoa sourcing, cleaning, and packaging operations in Yuba City, California, Ardent Mills is expanding its capabilities with specialty grains. The agreement’s terms were kept a secret.
The transaction is anticipated to finalize in the middle of February, and Ardent Mills, the company’s specialty grain and plant-based ingredient business unit, will run the new venture under The Annex.
According to Daniel P. Dye, CEO of Ardent Mills, “our industry is rapidly changing as consumers’ appetite for variety in their diets continues to increase.” In order to satisfy consumer demand for premium, nutrient-dense grains and other sources of plant-based products, we are proactively investing in The Annex. We will be able to provide a comprehensive solution for quinoa and other gluten-free ingredients with this acquisition.
The Ardent Mills gluten-free sourcing and cleaning operation in Yuba City will be the company’s first, and it will allow the company to grow into additional grain categories in the future.
Shrene White stated, “This company has a fantastic reputation, extensive industry knowledge, and grower relationships. It has been a leader in quinoa sourcing, cleaning, and packing in North America for a long time.” general manager of The Annex. “This acquisition further supports our commitment to what’s next in grain and plant-based innovation.”
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After the deal closes, Ardent Mills will welcome Andean Naturals’ founder and president, Sergio Nunez de Arco.
“Andean Naturals views this acquisition as a natural next step in our mission to spread awareness of quinoa throughout the world,” Mr. Nunez de Arco stated. “Although we have developed quinoa sourcing expertise and relationships with South American farmers, Ardent Mills offers technical know-how, market access, and the capacity to grow swiftly while adhering to sustainable practices.”