US Pipeline Foods has agreed to acquire the ancient grains and speciality products business of Organic Ventures, in a move which will expand its portfolio and strengthen its focus on organic corn products.
The acquisition will also see Pipeline Foods, a supply chain solutions company focused on organic, non-GMO and regenerative food and feed, extend all services – including grain merchandising and the company’s Farm Profit and Ag Impact programs – to its customers.
Following the agreement, Pipeline Foods will originate all grain and ingredients for the Organic Ventures lines of business, as well as its subsidiary, Great River Organic Milling.
Great River Organic Milling will continue to own all Organic Ventures retail-marketed and wheat flour products.
Eric Jackson, founder and board chairman of Pipeline Foods said: “We laid out an ambitious goal when we entered the market in 2017 to dramatically increase the amount of organic and non-GMO grain grown in the U.S.
“This is a critical next step in our company’s growth. It will add new capabilities and products to the existing Pipeline Foods portfolio – a benefit to both our farmers and food company customers.”
As part of the deal, Organic Ventures’ president, Rick Halverson, will join Pipeline Foods as an equity shareholder and a business unit manager.
Halverson said: “I am thrilled to be joining the team and look forward to working with the knowledgeable and talented folks at Pipeline Foods to further develop the organic ancient grains and speciality products business unit.”
© FoodBev Media Ltd 2019