Food Market brings news, talk and insight into the food business, from farms to supermarkets to restaurants. Reporters Mike Hughlett and Tom Meersman delve into the work of Minnesota’s food companies and issues such as food safety and labeling.

Twin Cities' Miller Milling gets big benefits from giant flour merger

Posted by: Mike Hughlett Updated: May 27, 2014 - 11:11 AM

The big flour industry combo that will create Ardent Mills will also be a boon to Bloomington-based Miller Milling and its Japan-based owner.

The Ardent deal will combine the flour milling assets of Minnetonka-based Cargill, Inver Grove Heights-based CHS and Omaha-based ConAgra Foods into by far the nation’s largest milling company.

To get the blessing of federal anti-trust regulators, the Ardent joint venture was required to divest four mills, including one owned by ConAgra in New Prague.

Miller, which already has mills in California and Virginia, closed Monday on the purchase of four Ardent mills for about $215 million. Two of the divested Ardent mills are in California, while one is in Texas

“It’s a big deal for us,” said Andy Bauer, Miller’s vice president and chief financial officer. “It takes us from two mills to six.”  Miller will become the nation’s fourth largest milling company, up from around tenth, he said.

Miller was purchased in 2012 by Nisshin Seifun Group, a large flour maker in Japan, which was looking to establish a U.S. foothold. “This is part of its strategic plan to expand outside of Japan,” Bauer said.

Miller Milling was founded in 1985 by two Twin Cities men, John Miller, a grain industry executive, and Michael Snow, an attorney.

ADVERTISEMENT

Post By Category

Lions (1)
Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT