Pipeline Foods LLC, the first U.S.-based supply chain solutions company focused exclusively on organic, non-GMO and regenerative food and feed, announced it has reached an agreement to acquire the ancient grains and specialty products business of Organic Ventures.
The acquisition complements Pipeline Foods’ product portfolio across the Americas by adding ancient grains to its offerings and further bolsters its focus on organic corn products. Pipeline Foods will extend all services, including grain merchandising and the company’s Farm Profit and Ag Impact programs, to its expanded grower and customer base.
“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,” said Eric Jackson, founder and board chairman of Pipeline Foods.
Pipeline Foods will originate all grain and ingredients for the Organic Ventures lines of business, as well as its subsidiary, Great River Organic Milling, bringing operational efficiencies to both companies. Great River Organic Milling will continue to own all Organic Ventures retail-marketed and wheat flour products.
As part of the acquisition, Organic Ventures’ president, Rick Halverson, will join Pipeline Foods as an equity shareholder. Halverson will come on board as a business unit manager for the Pipeline Foods commercial team, adding another highly experienced organic market developer to the Pipeline Foods roster.
“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 specialty products business unit,” said Halverson.