Serving Whitman County since 1877
Serving Whitman County since 1877
PULLMAN — The pending sale of Hinrichs Trading Company will mean growth and no layoffs.
Phil Hinrichs, CEO and president, spoke to the Gazette Monday after the announcement of the sale of the Pullman-based garbanzo beans (chickpeas) processor to Denver-based Arden Mills. The sale is expected to close within the next 30 days.
The deal is not expected to lead to any layoffs.
“We’re not just going to retain our employees. This is an opportunity for bigger and better things for our employees. Arden will also go out and hire more people. You’re going to see growth in our company,” said Hinrichs. “It’s going to be pretty broad.”
A key reason for the deal is a new market of vegan and vegetarian diets.
“The plant-based world is here to stay,” said Hinrichs.
He represents the fourth generation at the family company. His son Kyle is the fifth. The family business is suggestedin their view about growers.
“Our relationship with our growers is very personalized .... We take our growers with us to all steps,” said Hinrich. “I think the grower is going to see instant gratification of a new market.”
Garth Meyer is a former Whitman County Gazette reporter.
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