Blog: ConAgra, Cargill milling JV cleared - but plants must be sold
Dean Best | 21 May 2014
ConAgra Foods has secured clearance for its move to join its flour milling business with a venture run by Cargill and CHS - but after the parties agreed to sell off four plants.
The US Justice Department had argued the new venture - Ardent Mills - would hit competition, pushing up costs for the bakery industry and foodservice companies.
The Justice Department has now given the green light after the companies agreed to offload facilities.
ConAgra will sell mills in California, Minnesota and Texas. The existing venture between Cargill and CHS - Horizon Milling - will offload a site in California.
All mills will be sold to Miller Milling Co. – a US subsidiary of Japan's Nisshin Flour Milling.
"This joint venture positions Ardent Mills to deliver greater value and innovation to customers and consumers while enhancing customer and consumer choice," Cargill corporate vice president Scott Portnoy said.
The discounter has, alongside its fellow German retailer Lidl, shaken up the UK grocery market. And today (28 September) it outlined plans to grow its business in the country further....
Genetically modified ingredients is a hot issue, nowhere more so than in the US. Most food makers in the country, through a number of industry organisations, maintain GMOs are safe and insist their us...
Indian conglomerate Tata Group is reportedly planning a "big bang" entry into the Indian e-commerce space....
Businesses from across the food industry pledged support for renewable energy, greener supply chains and fresh efforts to put the brakes on destruction at the United Nations 2014 Climate Change Summit...
- How Windsor buy is part of Ajinomoto's global push
- Focus: Fonterra's bid to weather dairy volatility
- Industry awaits WHO reply on beefed-up ad pledges
- On the money: Diamond's faith in on-trend range
- Focus: Does size matter for Thai Union Frozen?
- Kellogg, Burton's, Ulker "on UB bid shortlist"
- Kerry, Premier team up on frozen NPD in UK
- Nestle sells baby food brands Alete, Milasan
- Nestle forms new unit to "leverage scale"
- PepsiCo eyes Middle East growth with R&D centre