The Andersons Acquires Grain Processor, Purity Foods Inc.
The Andersons announced it has acquired Purity Foods Inc., a Michigan-based processor of organic and conventional ancient grains. The acquisition is part of The Andersons’ strategy to expand its business beyond food grain oats, corn, soybeans, and wheat into more specialized food ingredients.
Begun in 1979, Purity Foods has grown to have grain storage capacity of 650,000 bushels and two production lines that are certified by the American Institute of Baking and Quality Assurance International. The company also includes a cleaning facility that conditions and color sorts both conventional and organic grains.
The Andersons has seen a very active year so far. In January the company announced it plans to completely exit its retail business, followed by the forging of an agreement to sell its farm center locations in Florida, including real estate and assets to Wedgworths Inc.