News

Grain/food giants announce joint venture

ConAgra Foods, Cargill and CHS have agreed to form an independent joint venture, combining their North American flour-milling businesses into a new company called Ardent Mills. 

The new company will combine ConAgra Mills and Horizon Milling, a Cargill-CHS joint venture formed in 2002. It will encompass 44 flour mills with locations from California to Massachusetts as well as bakery mix and specialty bakery facilities, with footholds in Canada and Puerto Rico. 

The new venture would control more than a third of the flour-milling capacity in the U.S.