World Grain - September 2015 - 14

NEWSREVIEW

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Ardent Mills expands with acquisition in Canada
DENVER, COLORADO, U.S. - Ardent
Mills LLC on Aug. 20 announced it has
reached an agreement to acquire the MisVLVVDXJD 2QWDULR &DQDGD ÀRXU PLOO RI
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transaction, which Ardent Mills said is expected to close in coming weeks, were not
disclosed.
The Mississauga mill has daily capacity to
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storage totaling 1,900,000 bushels. MissisVDXJDLVORFDWHGMXVWRXWVLGHRI7RURQWRDQG
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York, U.S.
The acquisition by Ardent Mills would be
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established in May 2014 as a joint venture
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Cargill; ConAgra Foods, Inc.; and CHS, Inc.
"Acquiring this mill
is consistent with our
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and our desire to help
our customers win,"
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Ardent. "They have a
strong team in place at
Dye
the mill, with a passion
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leverage our innovation and supply chain caSDELOLWLHVDIWHUWKHWUDQVDFWLRQFORVHV´
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SODQWVLQ&DQDGDDQGRWKHUIRRGPDQXIDFWXUing customers, Ardent Mills said. The comSDQ\VDLGWKHWHDPRISOXVLQSODFHDWWKH
Mississauga mill is expected to join Ardent
Mills when the transaction closes.
Speaking with :RUOG*UDLQ¶V sister publication, 0LOOLQJ	%DNLQJ1HZV%LOO6WRXIHU
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"The mill has been
modernized over time
- Mondelez has done
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"There is a great team
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it will be an excellent
Stoufer
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ORRNHGDWWKH$UGHQW0LOOVJHRJUDSKLFIRRWprint in Canada, we concluded we were
missing out on the opportunity to expand our
business in Ontario, Canada because we did
not have a mill there. It is a great strategic
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population in the Toronto area."
5RXJKO\RI&DQDGD¶VSRSXODWLRQUHsides in the metropolitan Toronto area.
$UGHQW0LOOVDOVRKDVÀRXUPLOOLQJRSHUDtions in Saskatoon, Saskatchewan, Canada.
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milling company in the U.S. but is the
third largest in Canada, according to the
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cwts. Other major milling companies in
Canada are ADM Milling Co., with daily
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capacity.
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have a supply agreement with Mondelez
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the Mississauga mill is located in a position
to supply customers in the U.S. as well as
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in the greater Toronto metropolitan area and
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glimpse into the strategic expansion objecWLYHVRI$UGHQW0LOOV
"This shows we are committed to continuing to make wise capital investments to grow
our business," he said.

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to better understand a major competitor.
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global market," he said. "As it turns out,
we have ended up in southern Russia with
our new business."
Lucas said Russia was consistently proGXFLQJDZKHDWFURSRIPRUHWKDQPLOlion tonnes, with about 20 million tonnes
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competitive advantage in Southeast Asia.
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relies on local expertise.
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regularly traded cargoes outside Australia,
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CBH expanding into Russia
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7KH:HVWHUQ$XVWUDOLDQQHZVSDSHUUHSRUWed on Aug. 1 .
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Russia and use a local service provider to
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into corn and other commodities.
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14

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World Grain - September 2015

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