We are a human food ingredient, functional food ingredient, packaged functional
food and animal nutrition company focused on value-added processing and marketing
of healthy, natural and nutrient dense products derived from raw rice bran, an
underutilized by-product of the rice milling industry.
Using our rice bran bio-refining business model, we apply our proprietary and
patented technologies and intellectual properties to convert raw rice bran into
numerous high value products including stabilized rice bran (SRB), rice bran
oil (RBO), defatted rice bran (DRB) and derivative products including: RiBalance,
a complete rice bran nutritional package derived from further processing of
SRB; RiSolubles, a highly nutritious, carbohydrate and lipid rich fraction of
RiBalance; RiFiber, a protein and fiber rich insoluble derivative of RiBalance;
and our family of ProRyza products, which include derivatives including protein
and protein/fiber blends.
We entered into a strategic supply partnership with the Thailand-based Narula
Group of companies to add organic jasmine rice bran and organic red rice bran,
as well as other organic products, to our portfolio of products.
Our target markets are organic and natural food, functional food, nutria-cosmetic
and animal nutrition manufacturers, wholesalers and retailers, both domestically
and internationally.
We have two reportable operating segments in 2015: (i) USA segment, which manufactures
and distributes SRB (for human food ingredient and animal nutrition customers)
and derivative products as well as contract manufacturing of functional food
products with an emphasis on utilization of our proprietary and patented functional
food ingredients; and (ii) Brazil segment, which extracts crude RBO from raw
rice bran and produces DRB as a co-product. RBO is then further processed into
degummed, neutralized and/or fully refined rice bran oil for sale internationally
and in Brazil. DRB is sold as feed for horses, cows, swine, sheep and poultry
and a number of human food and animal nutrition products. We incur corporate
and other expenses not directly attributable to operating segments. These include
costs related to our corporate staff, general and administrative expenses including
public company expenses, intellectual property, professional fees, and other
expenses. No Corporate allocations, including interest, are made to the operating
segments.
The combined operations of our USA and Brazil segments encompass our bio-refining
approach to processing raw rice bran into various high quality, value-added
constituents and finished products. Over the past decade, we have developed
and optimized our proprietary bio-refining processes to support the production
of healthy, natural, hypoallergenic, gluten/soy free, and non-genetically modified
ingredients for use in meats, baked goods, cereals, coatings, health foods,
nutritional supplements, nutraceuticals and high-end animal nutrition and animal
health products.
On January 2, 2014, we acquired H&N Distribution Inc., an Irving, Texas
based company now operating as Healthy Natural, Inc. (HN) which has a formulating,
blending and co-packaging facility in Irving, Texas. At that location we manufacture
blended and/or packaged functional food products for the human nutrition and
functional food markets.
In February 2008, through our Delaware subsidiary Nutra S.A. LLC (Nutra SA),
we acquired 100% ownership of Industria Riograndens De Oleos Vegetais Ltda.
(Irgovel), our rice bran oil bio-refining plant in Pelotas, Brazil. During 2011,
we sold a minority interest in Nutra SA, to AF Bran Holdings-NL LLC and AF Bran
Holding LLC.
We have two reportable operating segments in 2015: (i) USA segment, which manufactures
and distributes SRB (for human food ingredient and animal nutrition customers)
and derivative products as well as contract manufacturing of functional food
products with an emphasis on utilization of our proprietary and patented functional
food ingredients; and (ii) Brazil segment, which extracts crude RBO from raw
rice bran and produces DRB as a co-product. RBO is then further processed into
degummed, neutralized and/or fully refined rice bran oil for sale internationally
and in Brazil. DRB is sold as feed for horses, cows, swine, sheep and poultry
and a number of human food and animal nutrition products. We incur corporate
and other expenses not directly attributable to operating segments. These include
costs related to our corporate staff, general and administrative expenses including
public company expenses, intellectual property, professional fees, and other
expenses. No Corporate allocations, including interest, are made to the operating
segments.
The combined operations of our USA and Brazil segments encompass our bio-refining
approach to processing raw rice bran into various high quality, value-added
constituents and finished products. Over the past decade, we have developed
and optimized our proprietary bio-refining processes to support the production
of healthy, natural, hypoallergenic, gluten/soy free, and non-genetically modified
ingredients for use in meats, baked goods, cereals, coatings, health foods,
nutritional supplements, nutraceuticals and high-end animal nutrition and animal
health products.
On January 2, 2014, we acquired H&N Distribution Inc., an Irving, Texas
based company now operating as Healthy Natural, Inc. (HN) which has a formulating,
blending and co-packaging facility in Irving, Texas. At that location we manufacture
blended and/or packaged functional food products for the human nutrition and
functional food markets
In February 2008, through our Delaware subsidiary Nutra S.A. LLC (Nutra SA),
we acquired 100% ownership of Industria Riograndens De Oleos Vegetais Ltda.
(Irgovel), our rice bran oil bio-refining plant in Pelotas, Brazil. During 2011,
we sold a minority interest in Nutra SA, to AF Bran Holdings-NL LLC and AF Bran
Holding LLC.
The USA segment produces SRB inside three locations: two leased raw rice bran
stabilization facilities located within supplier-owned rice mills in Arbuckle
and West Sacramento, California; and one owned rice bran stabilization facility
in Mermentau, Louisiana. At Dillon, Montana, the USA segment produces our process
patented Stage II products including: RiSolubles, a highly nutritious, carbohydrate
and lipid rich fraction of SRB; RiFiber, a fiber rich derivative of SRB; RiBalance,
a complete rice bran nutritional package derived from further processing RiBalance,
and our ProRyza family of products including, protein- and protein/fiber-based
products. “Stage II” refers to the process patented processes run
at our Dillon, Montana facility and describes products produced at that facility.
The manufacturing facilities included in our USA segment have proprietary processing
equipment and process patented technology for the stabilization and further
processing of rice bran into finished products.
With the acquisition of HN, we formulate, blend and package finished products
on a business-to-business basis for our customers at a leased facility in Irving
Texas. We also lease a facility in West Sacramento, California that houses a
laboratory, warehouse and facility for assembling RBT proprietary extruders
for stabilizing raw rice bran. We use an owned facility in Lake Charles, Louisiana
as a temporary warehouse. In 2015, approximately 84% of USA segment revenue
is from sales of human nutrition products and the remainder was from sales of
animal nutrition products.
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