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

UN warns poor maize harvest likely

The United Nations Food and Agriculture Organisation (FAO) has warned that lower maize harvests in Africa could “trigger food price increases”....

BLOG

The roller-coaster of home-baking sales

Home baking category sales have had something of a roller coaster ride in recent years. ...

NEWS

Food industry news of the week: Mondelez, GMO labelling, Fonterra

Mondelez International reported on its first-quarter results this week (1 May) and the group was eager to emphasise its performance in China, which was stronger than many multinational peers. Nestle i...

just-food homepage



Forgot your password?