UK food giant Associated British Foods has sold six of its flourmills in a move away from commodity food manufacturing.
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The mills, at Edinburgh, Castleford, Knottingley, Liverpool, Corby and Tewkesbury, supply flour to other bakery businesses. Last year they generated sales of £96m (US$153.9m).
The sale, to US agribusiness giant Archer Daniels Midland, is estimated to be worth between £65m and £70m.
ABF still owns three flourmills to supply its Allied Bakeries subsidiary, which makes Kingsmill and Allinson bread and Ryvita biscuits, reported the Financial Times.
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