World Grain - July 2018 - 34
FEATURE: THE ANDERSONS SEEK STABILITY THROUGH CHANGE
contract growing, cleaning, sorting, handling and shipping to chip manufacturers.
"There are several new varieties of corn being introduced to market, and we work with farmers to produce
them," Bowe said. "We have three regional facilities
- one in Nebraska, one in Illinois and one in Texas -
that supply U.S. chip manufacturers. And those businesses have been growing, adding organic and other
From this base of business in food ingredients, The
Andersons also has shifted into specialty milling. In
April 2017, the company acquired Purity Foods, a
Hudson, Michigan, U.S., ancient grains supplier, specializing in spelt.
Bowe spent the majority of his career in the corn wet
working as a corporate vice-president for Cargill's food
ingredients platform. In that role, he oversaw part of
a vast global portfolio of food ingredient businesses,
Bowe was the point person for Cargill as the company negotiated the creation of the joint venture between
Cargill, CHS and ConAgra Foods, Inc. (now Conagra
Brands) that became Ardent Mills LLC. He served on
the Ardent Mills board of directors and was chairman
before leaving for The Andersons.
"Specialty mills are very different in size and scope
from traditional wheat and corn milling as you are making small batch volumes, but still you have all the good
manufacturing process requirements," he said. "In the
end, it's about giving the customer choice, someone
they can rely on.
"Our food corn business is made up of contract growing, sorting and cleaning. From a solid base, we think
there's potential for us on the specialty side. What we
bring to the table is the farmer contract growing. This
allows us to work at the source of origin with farmers
for the raw material."
Low farm net incomes have factored importantly in
"We are a wholesale distributor primarily, mostly in
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2018 / World
Grain / www.World-Grain.com
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