“In the past six months, we’ve seen an enormous demand spike in the retail flour and mix spaces. We are excited that with the Arrowhead assets, Panhandle Milling will allow us to accommodate the rapidly-growing needs of both new and existing retail customers and serve to strengthen our partnerships in the flour space,” Panhandle Milling President Peter Bisaccia said in a company release Tuesday.
With the acquisition, Panhandle Milling now has extrusion, flaking, drying, enrobing, grinding and roasting capabilities. The transaction also adds several items to the company’s portfolio, including organic flours, whole grains, cereals and flakes, mixes and blends, and beans.
“Supporting West Texas and the people of West Texas through both jobs and wholesome, nourishing food has always been central to the values and the mission of our Panhandle Milling business,” Bisaccia said. “During these uncertain times we’re in a unique position of growth and it’s important that we actively work to pay it forward.”
Panhandle Milling is a part of Denver-based PHM Brands a manufacturer of food, ingredients, and technology.
Arrowhead Mills, owned by Hometown Food Company, was founded in Texas in 1960. Organic and natural food company Hain Celestial Group sold Arrowhead Mills to Hometown Food in October 2019, including the Hereford plant.