ConAgra, CHS, and Cargill to Combine Flour-Milling Operations

ConAgra Foods (NYSE: CAG  ) , CHS (NASDAQ: CHSCP  ) , and privately held Cargill are to merge their North American flour-milling operations. The resulting joint venture, Ardent Mills, will boast 44 flour mills, three bakery mix factories, and a specialty bakery. These assets are all located in the U.S., Canada, and Puerto Rico.

ConAgra Foods and Cargill will each hold a 44% stake in the joint venture, while CHS will own the remainder. All three companies will be represented on Ardent Mills' board.

In the joint press release announcing the move, the companies said that they intend for the new joint venture "to be self-financed through cash flow from operations and its own bank debt and credit facility."

The companies expect that the formation of Ardent Mills will be finalized later this year.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2295319, ~/Articles/ArticleHandler.aspx, 11/27/2014 9:51:59 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 11 hours ago Sponsored by:
DOW 17,827.75 12.81 0.00%
S&P 500 2,072.83 5.80 0.00%
NASD 4,787.32 29.07 0.00%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

11/26/2014 4:03 PM
CAG $35.85 Up +0.34 +0.00%
ConAgra Foods, Inc… CAPS Rating: ****
CHSCP $31.36 Up +0.26 +0.00%
CHS, Inc. CAPS Rating: ***

Advertisement