Niagara Fiber, a supplier of insoluble fiber products and a portfolio company of Arsenal Capital Partners, has acquired Allied Blending and Ingredients.
Allied Blending formulates, headquartered in Keokuk, Iowa, manufactures and custom blends a variety of fiber- and starch- based proprietary products and mixes for the dairy and tortilla end-markets.
The acquisition, which allows Niagara to expand into key end-markets, marks the third acquisition by Niagara following the acquisitions of International Fiber Corporation and Fibred last year.
Niagara CEO Ken Blackburn said that the company is excited to add Allied's unique products, multi-plant locations and technical capabilities to its customer offering, and knows the customers will benefit from its ability to serve a larger variety of needs.
"Allied's innovative product technology and processes enhance specific performance characteristics of dairy products, flatbreads, and tortillas. We are looking forward to combining and expanding Allied's R&D, formulation and blending capabilities to better serve our customers," Blackburn said.
