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Organic company Pipeline Foods acquires ADM grain elevator in Iowa
A Minneapolis-based organic food company, Pipeline Foods, is buying a grain elevator in Atlantic, Iowa from ADM.
Pipeline says the purchase of the 3.4 million bushel grain elevator will help support the growing demand from protein producers for U.S.-grown organic grains. The company says it is making improvements needed to upgrade the elevator to test, clean, grade, dry, store and ship organic grains. ADM will continue its conventional soybean origination at the site through segregated operations.
The Atlantic elevator will be open for operation in mid-September and will accept its first organic grain deliveries shortly thereafter. Once the acquisition is complete, Pipeline Foods will operate six organic processing facilities in the U.S. and Canada.
Pipeline bills itself as “the first U.S.-based supply chain solutions company focused exclusively on organic, non-GMO and regenerative food and feed”.
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