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Ardent Mills completes acquisition

Company acquires substantially all of the assets of Hinrichs Trading Company.

Ardent Mills, the premier flour-milling and ingredient company, recently announced that it has successfully completed the acquisition of substantially all of the assets of Hinrichs Trading Company (HTC), the North American leader in chickpea sourcing, cleaning, and packaging.

As part of Ardent Mills’ strategic growth plan, the acquisition builds upon its existing specialty ingredient capabilities and close grower connections, and helps customers bring innovative products to market to meet growing consumer demand for pulse and plant-based ingredients. 

“We are very pleased to reach today’s milestone and to welcome the talented Hinrichs Trading Company team to the Ardent Mills family,” said Dan Dye, chief executive officer of Ardent Mills. “Together, we will bring nutritious grain-based and specialty ingredient solutions to our customers and help further nourish our communities.” 

Phil Hinrichs, CEO of Hinrichs Trading Company, commented, “Hinrichs Trading and the Hinrichs family feel that the Ardent Mills’ team will help move the pulse industry above and beyond all expectations we have had for our farmers and our customers. The future is very exciting.”  

The acquisition enables Ardent Mills to leverage HTC’s strong connection to producers, expertise in seed varieties, and finished products processing, and combine it with Ardent Mills’ insights, risk management and R&D resources. With this addition, Ardent Mills can now offer complete field-to-formulation solutions for customers.

TAGS: Business
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