NEWS
ConAgra, Cargill, CHS Joint Venture
Tue Mar 5, 2013 09:40 AM CST

(Dow Jones) -- ConAgra Foods Inc. (CAG), Cargill Inc. and CHS Inc. (CHSCP) 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 serve customers in the baking and food industries, offering services including product development resources, technical and application support, supply-chain management and commodity price risk management.

ConAgra Foods, Cargill and CHS will contribute their respective milling operations to the new company on a cash-free, debt-free basis in exchange for ...

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