Heartland Agri Partners buys Insta-Pro

Insta-Pro International sells processing equipment, such as expanders and
extruders for processing agricultural commodities for the food, feed and
renewable fuel industries. Insta-Pro is a global supplier and has its equipment
in over 100 countries.

Insta-Pro was formed in the late 1960’s as Triple
“F” invented and patented the dry extrusion process—a method of utilizing
friction as a source of heat for cooking, dehydrating and sterilizing
agricultural crops such as soybeans. The process has since been expanded to
multiple feed stocks and includes technology for pressing oil from various
oilseeds.

Dr. Leroy Hanson, Chairman, CEO and President of Triple “F”,
expressed his satisfaction in finding a new home for Insta-Pro to carry on the
business with no disruption in service to its worldwide customer base. Heartland
Agri Partners (HAP) will continue to locate the company in Urbandale with all
the current employees.

HAP ownership is made up of key managers of
Insta-Pro (Karl Arnold, Dr. Nabil Said and Hennie Pieterse), backed by Heartland
Equity Partners located in West Des Moines. HAP will be headed by Kevin Kacere
as CEO and President. “We are extremely excited about the future of Insta-Pro as
we make the investments to take this company to new heights in the future,”
Kacere said.