Ardent Mills announces intent to acquire Hinrichs Trading Company operations
The parties are continuing with due diligence and expect to close the deal in April 2021.
Ardent Mills has announced its intention to purchase substantially all of the business operations of Hinrichs Trading Company, the North American leader in chickpea sourcing, cleaning and packing. The move comes as part of Ardent Mills’ strategic growth plan to further invest in specialty ingredient capabilities and diversify its portfolio of solutions, building upon its existing wheat flour business. The parties are continuing with due diligence and expect the deal to close in April 2021.
Headquartered in Pullman, Washington, Hinrichs Trading Company currently operates across five locations in Washington and Montana. Family-owned, Hinrichs Trading Company has over 30 years of chickpea experience, having been involved in the production of the ingredient since it was first introduced into the U.S.