The Andersons, Inc. Purchases Assets of Nu-World Foods
October 2, 2018
MAUMEE, OHIO, October 2, 2018 – The Andersons, Inc. (Nasdaq: ANDE) announced today it has purchased the assets of Nu-World Foods from Tella Atlantic Holdings. Nu-World Foods is a supplier of gluten-free food products and ancient grain ingredients.
“This acquisition aligns with our strategy for growing our specialty grains business,” said Andy Vollmar, Director of Food Ingredients and Specialty Grains. “Our Grain Group has been a trusted partner in the food ingredients industry for many years, and we are excited to expand our portfolio to offer more gluten-free and ancient grain options to our food customers.”
Nu-World operates a certified organic, kosher and gluten-free processing facility in Dyersville, Iowa. The facility specializes in puffed and popped ancient grains such as amaranth, quinoa, millet, sorghum and rice. It also manufactures several ancient grain flours, pre-gel powders and seeds and offers contract packaging.
About The Andersons, Inc.
Founded in Maumee, Ohio, in 1947, The Andersons is a diversified company rooted in agriculture conducting business across North America in the grain, ethanol, plant nutrient and rail sectors. The Andersons Grain Group operates more than 30 facilities across eight states and Canada, and offers a number of unique marketing and risk management services to farmers. For more information, visit The Andersons online at www.andersonsfood.com.