Blog: Dean BestConAgra, 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.

BLOG

Danone tight-lipped over Mead Johnson link rumours

Some analysts might be breathing a sigh of relief at news Danone is rejecting speculation it is about to swoop for infant-formula giant Mead Johnson. ...

BLOG

SIAL opens in Paris

It is an unseasonably mild and bright morning here in Paris as this year's SIAL expo gets under away. Will the mood of exhibitors match the sunnier weather?...

NEWS

Re:Capital Australia eyes confectionery growth with Betta Foods buy

Re:Capital Australia, Hilco Capital's Australian unit, has formed a confectionery holding company as it pursues growth in the country's premium confectionery sector following its acquisition of Betta ...

BLOG

Sugar Puffs cuts sugar - in more ways than one

Raisio, the Finland-based food group, is to lower the sugar content of UK cereal brand Sugar Puffs - and at the same time remove the ingredient from the product's name....

BLOG

Analysts call for PepsiCo to sell off Quaker

With sales under pressure and margins precarious, PepsiCo should sell off its Quaker North America business, Jefferies analysts argued today (16 October)....

just-food homepage



Forgot your password?