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PCI Company complements its operations with acquisition of US Foods cereal and food ingredient business.

LINCOLN, NEBRASKA (October 24, 2008) – PCI Company of St. Louis, MO has acquired the cereal and food ingredient business of US Foods, a subsidiary of Innovative Grain Technologies, Inc., located in Lincoln, Nebraska. The Seller was represented by Alliance Management, Inc of Minneapolis, MN. The acquired business is a premier manufacturer and packager of complex cereals and ingredients including organic, natural, functional and nutraceutical products.

“We welcome our new employees and the valued customers that will continue to be served by US Foods,” said Charles A. Nicolais, President of PCI Company. The business will retain all employees and will remain in Lincoln, NE where production, R&D and customer support are located. US Foods joins other PCI food related businesses such as Diehl Food Ingredients, Diehl Organics, SensoryEffects Inclusions and SensoryEffects Flavor Systems. Rick Williams, founder of US Foods and President of the new company, commented, “We’re very excited about the opportunity the new ownership presents to our organization. It will be a focus business within PCI Company and we therefore look forward to offering our customers an even higher level of support and service.”

This transaction allows PCI Company and its majority owner Highlander Partners of Dallas, TX to continue building a specialty food ingredients and products business through strategic acquisitions and organic growth. “The US Foods business is a great example of our objective to add businesses that share our vision of delivering personalized service, customized products and problem solving solutions to food companies,” according Charles Nicolais. For more information on our company, please contact us 314-291-3289.

About US Foods, Inc.
US Foods, Inc. is a leading supplier of complex, multi-inclusion cereals and ingredients including organic, natural, functional and nutraceutical products. Our expertise in cereal development, manufacturing and packaging enables us to develop solutions with high market appeal. Based in Lincoln, NE where manufacturing, R&D and customer support are located, the business has expansive services for our customers to create differentiated products.

About PCI Company
Performance Chemicals & Ingredients Company, based in St Louis, MO, was formed in 2006 to acquire and manage specialty chemical and food ingredient businesses. The principals of PCI Company are experienced in the chemical and food industries, and have an exclusive alliance with the private investment firm Highlander Partners, L.P. The combination of PCI Company and Highlander Partners brings market, operational and financial skills required to guide the future growth and development of its wholly-owned businesses. PCI Company invests in small to mid-size private companies and non-strategic business units of larger companies that possess capable management teams, fundamentally strong operations and leading technology platforms.

View the PDF version of this press release here.