PCI Co. buys cereal, food ingredient unit of US Foods

by FoodBusinessNews.net Staff
Share This:

LINCOLN, NEB. — Performance Chemicals & Ingredients Co. (PCI Co.), St. Louis, has acquired the cereal and food ingredient business of US Foods, Inc., a subsidiary of Lincoln-based Innovative Grain Technologies, Inc. Financial terms of the transaction were not disclosed.

"We’re very excited about the opportunity the new ownership presents to our organization," said Rick Williams, founder of US Foods and president of the company. "It will be a focus business within PCI Co. and we therefore look forward to offering our customers an even higher level of support and service."

US Foods is a supplier of complex, multi-inclusion cereals and ingredients, including organic, natural, functional and nutraceutical products. It joins a portfolio of companies within PCI Co. that also includes Diehl Food Ingredients, Diehl Organics, SensoryEffects Inclusions and SensoryEffects Flavor Systems.

PCI Co. is majority owned by Highlander Partners, L.P., an investment firm with more than $200 million allocated for direct private equity investments.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Food Business News do not reflect those of Food Business News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.