Seeking Alpha RIBT Q1 Conference Call May 8,
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Posted On: 05/11/2018 10:37:01 PM
Seeking Alpha RIBT Q1 Conference Call
May 8, 2017
https://seekingalpha.com/article/4173099-rice...art=single
My highlight>>>
Brent Rystrom to Harry Goldsholl>>>
From the perspective of your comment about the consolidation, I think that is a good question. As a Company, we’re going to need a lot more brand supply. We’re looking at opportunities right now. Mike discussed things that his team is looking at that some of these opportunities are substantially bigger than what we sell into the food market, single opportunities are substantially bigger than everything we’re doing combined right now in the food market.
So we’re going to need the scale of the business. I don’t think investors would want us to be too reliant on a small number of mills. So, I think it’s in the best interest of the business to have a diverse base of mills and not be dependent on any one partner. So, I think that’s -- the consolidation refer to, I think on a distribution perspective, on processing and some of the other stuff, I think there is some benefits to that. But as far as the sourcing for mills, I think it will pay to be diverse.
May 8, 2017
https://seekingalpha.com/article/4173099-rice...art=single
My highlight>>>
Brent Rystrom to Harry Goldsholl>>>
From the perspective of your comment about the consolidation, I think that is a good question. As a Company, we’re going to need a lot more brand supply. We’re looking at opportunities right now. Mike discussed things that his team is looking at that some of these opportunities are substantially bigger than what we sell into the food market, single opportunities are substantially bigger than everything we’re doing combined right now in the food market.
So we’re going to need the scale of the business. I don’t think investors would want us to be too reliant on a small number of mills. So, I think it’s in the best interest of the business to have a diverse base of mills and not be dependent on any one partner. So, I think that’s -- the consolidation refer to, I think on a distribution perspective, on processing and some of the other stuff, I think there is some benefits to that. But as far as the sourcing for mills, I think it will pay to be diverse.
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