Niagara Fiber buys Allied Blending & Ingredients
May 2, 2014
by Jeff Gelski
NEW YORK — Niagara Fiber, L.L.C. has acquired Allied Blending & Ingredients, a provider of fiber and starch-based proprietary products and mixes for the dairy and tortilla end-markets.
Based in Keokuk, Iowa, Allied Blending produces proprietary BatchPaks consisting mainly of functional additives and other products sold to tortilla manufacturers. The company has manufacturing facilities and research and development labs in Bell, Calif., and Keokuk as well as a research center in St. Louis.
“We’re excited to add Allied’s unique products, multi-plant locations and technical capabilities to our customer offering, and know our customers will benefit from our ability to serve a larger variety of needs,” said Ken Blackburn, chief executive officer of Niagara Fiber.
Niagara Fiber is a portfolio company of Arsenal Capital Partners, a New York-based private equity firm. Niagara Fiber supplies insoluble fiber products globally for food, pharmaceutical and industrial applications. The company made two acquisitions last year: International Fiber Corp. in August and Fibred in October.
“The resource platform gained with Allied Blending’s inclusion in the Niagara family of product offerings will move Allied to a new level of solution-based offerings,” said Randy Schmelzel, president of Allied Blending. “Allied’s commitment to innovation and service to create mutual growth partnerships with our customer base will be amplified due to this union.”