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ConAgra, Cargill and CHS sell four mills to Miller Milling, the U.S. unit of Nisshan Flour Milling in Japan, to move forward with the Ardent Mills joint venture. The U.S. Department of Justice is reviewing the merger to ensure it does not prevent a competitive market or violate antitrust laws. The Justice Department advised ConAgra, Cargill and CHS that the sale of several milling operations would help the merger gain approval.
The newly acquired operations are a former Horizon Milling facility in Los Angeles and former ConAgra facilities in Oakland, Calif.; Saginaw, Texas; and New Prague, Minn. The Justice Department has reviewed the Ardent Mills venture since the project was announced in March 2013. The companies are optimistic that the merger will receive approval by June 2014.
Source: Independent Bakers Association