Nutracea Announces Stabilized Rice Bran Production Agreement with ADM
"This agreement between NutraCea and ADM Rice is timely and a natural strategic step as it allows us to quickly increase our production while still maintaining product integrity of the finished SRB," said Brad Edson, President and CEO of NutraCea.
17/04/07 NutraCea, a world leader in stabilized rice bran research and technology, announced that they have entered into an agreement with ADM Rice Inc., an operating division of Archer Daniels Midland Company, whereby NutraCea will implement its proprietary rice stabilization technology into the ADM Rice facility located in Arbuckle, California to produce stabilized rice bran for distribution into the human, companion pet and equine feed markets.
"This agreement between NutraCea and ADM Rice is timely and a natural strategic step as it allows us to quickly increase our production while still maintaining product integrity of the finished SRB," said Brad Edson, President and CEO of NutraCea. "We have aligned ourselves with one of the most recognized and respected names in the agricultural industry with a global presence and look forward to significant additional opportunities to expand the current usage of our SRB by ADM as a value added ingredient."
Leo Gingras, Chief Operating Officer stated, "The new Stabilized Rice Bran production from this state of the art facility should be on line and accretive to our operations by the end of June 2007. This operation will help serve our increasing demands for the human, companion pet and equine feed markets."
