Allied Starch & Chemical Acquires Ingredients Unlimited Inc.

Keokuk, IA - Randy Schmelzel, President and CEO, Allied Starch & Chemical (ASC), announces the business acquisition of Ingredients Unlimited Inc., Bell Gardens, California.

"Our acquisition of Ingredients Unlimited is in keeping with our robust five year business strategy to strengthen and extend our ingredient offerings and meet our goal to double the size of our company by the end of a five year period. We are now in a prime position to provide important ingredients to tortilla manufacturers," said Mr. Schmelzel. He added, "This acquisition complements our previous purchase of Kinçva, which increased our ability to provide exemplary anti-caking agents for cheese products."

Leadership role as tortilla ingredient supplier
Allied Starch & Chemical has already achieved a dynamic presence in the fast, steadily growing tortilla market. The acquisition of Ingredients Unlimited Inc. now increases the company's product lines, proprietary technology, customer base and production equipment while adding some key, knowledgeable tortilla manufacturing experts to the existing team of ASC's impressive roster of ingredient professionals. Tortilla ingredient production will continue in the acquired Ingredients Unlimited facility in Bell Gardens, California, under the Allied Starch & Chemical banner. This manufacturing resource will complement the products that are currently produced at Allied Starch & Chemical's manufacturing division, Mississippi Blending Company in Keokuk, Iowa and all products will be sold through Industrial Ingredients, Inc., the distribution arm of ASC.

Mr. Schmelzel emphasized, "We are looking forward to continuing the business relations formed by Ingredients Unlimited, and want customers and suppliers to know that there will be no interruption of service, and they can count on quality products and service from us now and in the future."

SOURCE: Allied Starch & Chemical