Farmer owned food company CHS (Cenex Harvest States) has announced that it has completed the sale of its tortilla and chip operations to Gruma Corporation.
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The sale consists of three plants located in New Brighton, Minnesota, Fort Worth, Texas, and Phoenix, Arizona, with about 250 employees. Gruma Corporation, a subsidiary of Gruma SA de C.V. based at Monterrey, Mexico, markets its finished products under the Mission and Guerrero names.
“As we looked at the future direction of our operations and our investment in the value-added food sector, we concluded that it is in the best interest of all of our stakeholders that we divest of our Mexican foods operations and focus on other areas of our food and grain processing business,” said John Johnson, CHS president and chief executive officer. “CHS remains committed to its vision of linking producers to consumers through its other grain-based food processing and manufacturing businesses.”
