ALDEN, IA; PHILLIPSBURG, KS — Summit Ag Investors and its portfolio company Summit Sustainable Ingredients have announced the start of construction of a state-of-the-art wheat protein (vital wheat gluten) ingredients facility. The building will be adjacent to Prairie Horizon, acquired by Summit earlier this year.
Summit has engaged strategic partners ICM, Inc. and Todd & Sargent, Inc. as design-builders. The company has also recruited two key executives, Steve Adams as COO, and Steve Snyder as CFO. The project is fully financed through capital commitments from private equity funds managed by Summit Ag Investors.