NutraCea, ADM Rice Team Up

PHOENIX—NutraCea entered into an agreement with ADM Rice Inc., an operating division of Archer Daniels Midland Co., whereby NutraCea will implement its proprietary rice stabilization technology into the ADM Rice facility located in Arbuckle, Calif., to produce stabilized rice bran (SRB) for distribution into the human, companion pet and equine feed markets. The operation should be online by the end of June 2007.

“This agreement between NutraCea and ADM Rice is timely and a natural strategic step, as it allows us to quickly increase our production while still maintaining product integrity of the finished SRB,” said Brad Edson, president and chief executive officer (CEO), NutraCea (www.nutracea.com). “We have aligned ourselves with one of the most recognized and respected names in the agricultural industry with a global presence and look forward to significant additional opportunities to expand the current usage of our SRB by ADM as a value added ingredient.”