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Joint Venture Flour Milling Company Approved By Justice Dept.

May 27, 2014: 12:00 AM EST
A new joint venture involving three of the largest U.S. flour companies is set to begin operations soon following a nod from the U.S. Justice Dept. Flour miller Ardent Mills has somewhat complex parentage: it merges ConAgra Mills and Horizon Milling, itself a joint venture of Cargill-CHS joint venture formed in 2002. Ardent will focus on developing “innovative flour and grain products, services and solutions”, according to the companies. As a condition of the merger, DOJ required ConAgra and Cargill to sell four flour milling facilities to a U.S.-based subsidiary of Tokyo-based Nisshin Flour Milling Inc. Ardent Mills, now the nation's largest miller, will comprise 40 flour mills, three bakery mix facilities and a specialty bakery in the U.S., Canada and Puerto Rico. The company headquarters will be in the Denver metro area.
"Big flour merger nears completion", AG Journal, May 27, 2014, © Gatehouse Media, Inc.
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