NutraCea to Buy Rice Bran Oil Processing Facility in Brazil
Posted on: Tuesday, 5 February 2008, 06:00 CST
NutraCea has executed a definitive agreement to purchase a rice bran oil processing facility in Brazil.
The transaction is expected to close prior to the end of February 2008, subject to the satisfaction of certain customary closing conditions.
As part of this agreement, the company has secured arrangements for the supply of raw rice bran with several local mills to initially provide 70,000 tons annually, which will be used for rice bran oil production.
The purchase of this facility allows NutraCea to immediately enter the edible oils market and have a location for distribution of its proprietary products in South America.
This acquisition also provides a platform for the introduction of new, value-added products that NutraCea has been internally preparing to roll out, pending the procurement of additional amounts of bran, which this project is expected to provide a significant step towards accomplishing.
Brad Edson, president and CEO of NutraCea, said: "We believe our new technology will improve the dynamics of the process, allowing NutraCea to achieve significantly higher-value end-products."
Source: Datamonitor
Related Articles
- Henk Hoogenkamp, Accomplished Author and Food Ingredient Scientist, Joins NutraCea as Executive Advisor on the Utilization of Stabilized Rice Bran in Food Ingredient Applications
- NutraCea Acquires Customers From Farmer's Rice Cooperative
- NutraCea Signs Landmark Definitive Agreement With Bright Food Investment Co., A Subsidiary of Bright Foods Group, to Build World's Largest Rice Bran Oil Refinery
- Demand for NutraCea Rice Bran Oil Prompts Major Expansion of Irgovel Plant Ahead of Schedule
- NutraCea Files a Provisional Patent on Its Technology to Stabilize Wheat Bran
- NutraCea to Educate Industry at Expo East That Rice Bran Ranks Highest in Antioxidants Over 28 Foods Tested
- NutraCea Nears Bran Deal
- Area Firm Hopes to Benefit on Rice Bran
- NutraCea Signs Agreement With Bi-Coastal Pharmaceutical to Secure Mass Market Distribution for Its Revolutionary Patented Stabilized Rice Bran Products
 |
 |
User Comments (1)
| 1. |
Posted by Harry on 03/07/2008, 11:27 Blah, Blah, Blah, a bunch of crooks!!! Don't lose thousands with these people like me!!!! A pr campaign to suck money out of you!!! |
RSS Feeds