Stabil Nutrition, LLC acquired Stabilized Rice Bran Business from RiceBran Technologies (NasdaqCM:RIBT) for $3.5 million on June 23, 2023. The consideration consisting of $1.8 million in cash and the assumption of $1.7 million of the Company's real estate lease obligations on two operating facilities. The assets sold include two Company-owned manufacturing facilities in Dillon, Montana and Mermentau, Louisiana, as well as two leased facilities in West Sacramento, California and Lake Charles, Louisiana. Francisco Morales Barrón of Vinson & Elkins LLP acted as legal advisor to RiceBran Technologies.

Stabil Nutrition, LLC completed the acquisition of Stabilized Rice Bran Business from RiceBran Technologies (NasdaqCM:RIBT) on June 23, 2023.