Cherry Tree advises Indian Harvest on the acquisition of The Wild Rice Exchange

Indian Harvest Specialtifoods, Inc., a leading supplier of premium rice, grains and legumes to industry and foodservice, proudly announces its purchase of substantially all the assets of Wild Rice Exchange based in Woodland, Calif.

The investment brings an expanded service offering to industrial, foodservice and private-label customers, both domestic and international. With acquisition, the mutual standards of quality established by both Indian Harvest and Wild Rice Exchange will extend across:

  • Expanded sourcing capabilities
  • Greater diversity in packaging options
  • Puffing and infusion capabilities across product lines
  • Increased production capacity
  • Expanded warehousing facilities
  • Professional culinary support across segments
  • Extended sales and service capabilities

Operating as a single entity under the name “Indian Harvest Specialtifoods” (Indian Harvest), the integrated personnel and management teams are adding immediate value to the respective operations. “We feel really fortunate to be able to add this kind of capability with an organization that already had the same commitment to quality that we hold so important,” says Trevor Duininck, managing partner at Indian Harvest. “The Woodland team shares the same commitment to delivering high standards in service and quality, which is clearly demonstrated in the facility, as well as the relationships they cultivate with customers. It’s pretty rare to get such a complete package of quality that fits so well with our existing operations.”

Carlos Zambello, CEO of Wild Rice Exchange and a former employee of Indian Harvest, echoed the sentiment. “This partnership makes perfect sense. It’s great to be part of the leadership team at Indian Harvest, and a joy to introduce customers to the breadth of what our combined organizations have to meet their needs.”

Indian Harvest foodservice sales will continue to be based in Bemidji, Minn., under the direction of Jeff Lande. Production will continue at both Colusa and Woodland facilities in California under the direction of Cruz Gonzalez and Golnar Emam.

About Indian Harvest
Indian Harvest Specialtifoods, Inc., headquartered in northern Minnesota, is a foremost U.S. producer and procurer of some of the world’s most distinctive varieties of grains, beans and legumes for industry and foodservice. The company’s dedication to discovering and promoting lesser-known, heirloom grains and seeds is deep-rooted in its 32-year heritage of providing chef-driven menu inspiration and solutions to an evolving industry. For more information, visit

Cherry Tree & Associates provides investment banking services through our FINRA-licensed broker dealer.