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Anchor Ingredients acquires grain facility

Anchor Ingredients Co., LLC, a supplier of ingredients for the food and pet food industries, has acquired a grain handling facility in Hatton, North Dakota, US, as part of an auction. Financial terms of the transaction were not disclosed.

The grain storage facility has close to 700,000 bushels of storage with drying capabilities.

Anchor said the addition of the facility will allow it to expand its pet food ingredient portfolio and processing capabilities. The grain handling facility’s location is particularly noteworthy, Anchor said, allowing it to provide the company’s farm-level partners with “an efficient, year-round delivery site for their raw materials, ensuring a continuous supply for ingredient processing across Anchor’s network of facilities.”

“We are confident that the addition of the Hatton facility will further streamline our operations and strengthen our ability to support pet food manufacturers throughout the United States,” said Al Yablonski, chief executive officer and co-founder of Anchor Ingredients. “This acquisition aligns perfectly with our growth strategy, and we look forward to delivering even greater value to our customers and grower partners.”

Founded in 2015, Anchor Ingredients operates six value-add processing plants across North Dakota, Minnesota and Montana, and has sales offices in California and Minnesota. The company is focused on food safety, quality control and premium ingredient processing of pearled barley, peas, flaxseed, chickpeas, oat groats, ancient grains, organics and other specialty crops for food and pet markets. The company’s in-house processing capabilities include cleaning, milling, packaging, blending and organics.

Source: World-Grain