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

It's getting heavy at Whole Foods

Whole Foods Market already had a reputation for being pricey. This will only be compounded by news that the retailer has been accused of routinely overcharging consumers by overstating the weight of p...

BLOG

Ahold, Delhaize tie-up creates competitive US giant

Dutch supermarket operator Ahold and Belgium-based retailer Delhaize announced today (24 June) that a long-awaited merger deal has been finalised in a move that these two European retail giants hope w...

BLOG

What retailers comply with the UK grocery code?

The UK's Grocery Code Adjudicator insisted it is "making a difference" and improving the relationship between retailers and suppliers at its annual conference this week....

just-food homepage



Forgot your password?