Tokyo-based NIPPN Corporation, one of the leading food
manufacturers in East Asia, has decided to invest 25 million US dollars in Utah
Flour Milling, a US flour milling company, and has signed the Investment
Agreement with Utah Flour. NIPPN invests 25% in Utah Flour through its 100%
subsidiary NIPPN USA Inc.
Utah Flour business is a newly planned flour mill to be invested and constructed by PHM Brands, LLC, which operates mainly wheat flour business in the US. NIPPN will invest and participate in the operation of Utah Flour as a business and strategic partner. The Utah Flour will be a state-of-the-art flour mill with leading-edge technology and will also utilize Energis Solutions’s patented pathogen-reduction biotechnology.
“NIPPN will be committed to realizing its Group’s long-term vision of ‘business expansion in North America and business development including inorganic growth strategy’ through this investment, then to enhancing the Group’s overall strength as a flour miller through direct engagement in the flour milling business in the U.S,” the company said. “The investment in Utah Flour will accelerate the speed of business growth in the U.S. by leveraging synergies among Group’s existing companies; NIPPN California Inc., a California-based premix sales company, and Pasta Montana, L.L.C., a-Montana-based pasta production and sales company, and will strengthen its Group’s global network with a view to further expand its global business.”
Founded in 1896, NIPPN Corporation is among the leading food manufacturers in East Asia. It is operating a wide range of food businesses, including the flour milling business, which remains a significant part of NIPPN portfolio, the food ingredients business, which manufactures premixes, the processed food business, which manufactures pasta and home-use groceries, and the frozen foods business. NIPPN, as a group, is promoting overseas business mainly in Asia and North America. NIPPN manufactures and sells premix and related products in China, Thailand and Indonesia.