PGP International, part of Associated British Foods’ (ABF) ingredients division, has acquired the US specialty sweet rice milling business Riverbend Rice Mill.
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The company is to be renamed PGP International Rice Milling Facility. Financial details were not disclosed.
Located in Colusa, California, about 50 miles from PGP International’s operations in Woodland, which is in the heart of the Northern California rice-growing region, Riverbend Rice Mill, was founded in 1993, and is a major supplier to PGP International.
PGP said it saw the deal as an opportunity to “vertically integrate its manufacturing operations and broaden its core capabilities”.
“This acquisition helps secure PGP International’s strong position in the short/waxy rice and rice flour blends (cake mix) markets in Japan and also provides opportunities for further product line expansion in support of our existing domestic flour business and the emerging organic rice flour business,” PGP said. “Our intention is to expand our rice flour and blends product range by using the existing core capabilities at the rice milling facility and to add others in the future.”
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