Kadenwood’s EcoGen Biosciences, which manufactures and supplies hemp-derived ingredients, proprietary formulations and private-label finished products, is growing with a new acquisition. The Grand Junction, Colo.-based company is buying General Processing, a hemp processing and extraction company based in Colorado.
EcoGen said the deal would substantially expand its production capacity and add capabilities in sustainability and good manufacturing practice compliance. It also will allow the company to further integrate its own supply chain to serve American and global markets.
"With this newest acquisition that adds further value to EcoGen's capabilities, we are positioning Kadenwood to be a global powerhouse of hemp-derived raw materials and consumer products of the highest caliber," said Erick Dickens, CEO and Co-Founder of Kadenwood. "Through our strategic growth plan, we will continue to evolve as an organization, staying ahead of production and product trends. While many companies have struggled to define their role in this evolving and competitive landscape, Kadenwood has emerged as the industry's true leader. We are proud to lead in products, manufacturing, innovation, and now, sustainability and compliance. We look to the future with optimism, as we are confident that 2021 and beyond will continue to provide great success and opportunities for Kadenwood companies."
The acquisition comes with internal research and development and innovative process intellectual property around sustainability, as well as a 50,000-sq.-ft. production campus in Delta, Colo., and accompanying 165 acres of farming land. The facility, which recently was inspected for 21 CFR Part 111 certification by ASI, positions EcoGen for future regulatory compliance the company said. The facility also will remove entire stages from the manufacturing process, enabling a reduction in waste via proprietary equipment and processes.
"This acquisition not only expedites the process of garnering cGMP certification for our manufacturing capabilities, but allows us space to introduce our revolutionary new sustainable manufacturing processes while expanding our capacity as we look ahead to 2021 and prepare for increasing demand," said Garrett Bain, president of EcoGen Biosciences. "As a global, leading vertically integrated manufacturer and supplier of hemp-derived specialty ingredients, EcoGen values quality, integrity and consistency above all else. In order to maintain this industry-leading position, we continue to take forward-looking steps that will enable our products and processes to continue to meet customer needs as evolving regulatory and health authority standards are applied to the hemp extraction and hemp-derived products industry.