The move is part of Ardent Mills’ strategic growth plan to build upon its existing wheat flour business by further investing in specialty ingredient capabilities and diversifying its product portfolio.
Family-owned Hinrichs Trading Company (HTC) is a full-service pulse origination and processing company specialising in the production and processing of high-quality garbanzo bean (chickpea) products. The family-owned company has over 30 year of experience in the chickpea sector, having been involved in the production of the ingredient since it was first introduced into the US. Headquartered in Pullman, Washington, it operates five facilities in Washington and Montana.
According to Dan Dye, CEO of Ardent Mills, the two companies share a vision for growth.
“There is a strong cultural alignment and shared values across both organisations. [We] share a strong commitment to our growers, customers, team members, communities, and to growth and innovation,” said Dye.
Added Phil Hinrichs, CEO of Hinrichs Trading Company, “We were looking for a partner that had the expertise to take the chickpea market to the next level and provide new opportunities for our team members and our growers.
“Ardent Mills is that partner. They bring operational and technical expertise, access to new markets, and the ability to scale quickly and sustainably. Hinrichs Trading Company complements that with our extensive chickpea sourcing knowledge and extremely close grower connections. We’re excited about the opportunity to partner with Ardent Mills as we share a similar values-based culture and a solid vision for growth.”