The Andersons, Inc. Acquires Assets of Nu-World Foods

Maumee, OH - October 2, 2018 – The Andersons, Inc. (Nasdaq: ANDE) announced today it has purchased the assets of Nu-World Foods from Tella Atlantic Holdings.

Nu-World Foods is a supplier of gluten-free food products and ancient grain ingredients.

“This acquisition aligns with our strategy for growing our specialty grains business,” said Andy Vollmar, Director of Food Ingredients and Specialty Grains.

“Our Grain Group has been a trusted partner in the food ingredients industry for many years, and we are excited to expand our portfolio to offer more gluten-free and ancient grain options to our food customers.”

Nu-World operates a certified organic, kosher and gluten-free processing facility in Dyersville, Iowa.

The facility specializes in puffed and popped ancient grains such as amaranth, quinoa, millet, sorghum and rice.

It also manufactures several ancient grain flours, pre-gel powders and seeds and offers contract packaging.