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ConAgra, Cargill, CHS to create mega-miller

Mar. 6, 2013 - Giant U.S. food and grain-handling companies ConAgra Foods Inc, Cargill and CHS Inc plan to combine their North American flour milling businesses into a new venture that would control more than a third of U.S. capacity, dwarfing all competitors in size and market reach.

Dubbed Ardent Mills, the operation would encompass 44 flour mills with locations coast to coast, from California to Massachusetts as well as bakery mix and specialty bakery facilities, with footholds in Canada and Puerto Rico.

The venture would control roughly 34 percent of the U.S. market in terms of milling capacity, with total daily wheat and durum flour capacity for the combined company around 576,100 hundredweight (cwt).

Read more here:  http://www.reuters.com/article/2013/03/05/flour-milling-ardentmills-idUSL1N0BXG4V20130305?feedType=RSS&feedName=everything&virtualBrandChannel=11563

March 6, 2013  By Reuters