MUSCATINE, IOWA — Grain Processing Company (GPC), part of the Kent Corp. household of corporations, has accomplished its acquisition of Grinnell, Iowa-based Pure Merchandise, Inc. (NPI). NPI makes full-fat soy components produced from non-GMO or licensed natural soybeans. The corporate additionally processes different beans and grains, together with chickpeas and oats.
Monetary phrases of the transaction weren’t disclosed.
“Shoppers at present need transparency, pristine high quality, and assurance their meals is wholesome and made to the very best high quality requirements,” mentioned Patrick Homoelle, president of GPC. “With NPI’s plant-based, non-GMO, natural, and gluten-free ingredient options, this acquisition is a superb match with our area to household portfolio of companies.”
GPC’s main merchandise embrace excessive purity alcohol, corn starches and maltodextrins. The corporate’s prospects function within the beverage alcohol, meals, nutraceuticals, prescription drugs, private care and industrial starch functions fields.
“I’m tremendously proud to welcome the NPI staff to GPC,” mentioned Jimmy Kent, senior vp of gross sales at GPC. “We’re investing additional into sustainable high quality meals manufacturing by way of this family-to-family, Iowa-to-Iowa acquisition, serving to us enhance our numerous portfolio of merchandise that assist feed the rising world.” Source
