NEWS
ConAgra, Cargill, CHS Joint Venture
Tue Mar 5, 2013 03:51 PM CST

(Dow Jones) -- ConAgra Foods Inc., Cargill Inc. and CHS Inc. said they will combine their North American flour-milling businesses into a multibillion-dollar joint venture, marking the milling industry's biggest merger in years.

The new company, called Ardent Mills, will combine ConAgra Mills and Horizon Milling, a joint venture formed in 2002 between Cargill and CHS. Ardent Mills will be the industry's biggest player, selling flour products to customers in the baking and food industries and offering such services as product development.

Cargill, a major grain processor and trader, and ConAgra, a food company with such brands as Chef Boyardee ...

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