FARM BUSINESS NEWS
Ardent Mills Gets DOJ Approval
Chris Clayton DTN Ag Policy Editor
Tue May 20, 2014 03:36 PM CDT

OMAHA (DTN) -- A new major joint venture in the wheat-milling industry will sell off four wheat mills across the country to keep adequate pricing competition in those areas, the U.S. Department of Justice said Tuesday.

In March of last year, Cargill, CHS, ConAgra and Horizon agreed to come together and create Ardent Mills, which would combine the operations of 40 flour mills, three bakery-mix facilities and a specialty baker in the U.S., Canada and Puerto Rico. ConAgra and Cargill would each own 44% of the new company and CHS would own the remaining 12%.

To approve the consolidation of ...

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