A publicly traded company that started in the Sacramento region, moved away and came back once before, is again taking its headquarters out of the area.
RiceBran Technologies, which moved to West Sacramento from Scottsdale, Arizona, only last year, will relocate to Houston in the second quarter, CEO Robert Smith said on a conference call with investors and analysts Thursday.
The move to West Sacramento from Arizona was part of a cost-cutting campaign by the company in early 2017, Smith previously said. But Houston is a more central location for travel and is closer to Louisiana and Arkansas, where about 70 percent of the nation’s rice is growth, he said of the new move. RiceBran Technologies (Nasdaq: RIBT) produces products from rice bran, which is the coat of the rice seed that is often stripped away in the course of milling.
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