World Grain - June 2018 - 12
Mennel Milling expands with acquisition
FOSTORIA, OHIO, U.S. - The Mennel Milling Co. is expanding its footprint in Southern Ohio, U.S, by entering into a tentative agreement to acquire Keynes Brothers Inc. The transfer of
ownership and operation of Keynes Brothers' assets was finalized on May 22.
As part of the merger, Mennel will expand with the addition
of a flour mill in Logan, Ohio, which has a wheat flour capacity
of 8,600 cwts and a total storage capacity of 4.11 million bushels; and three country elevators in Atlanta, Ohio, Jeffersonville,
Ohio and Radnor, Ohio; with a fourth elevator to become part
of Mennel's Valley Grain elevator in Kingston, Ohio. The deal
also includes much of the Logan, Ohio, U.S.-based company's
"After we became aware of their decision to sell their milling, grain and transportation operations, we inquired about a potential merger/acquisition," said Ford Mennel, president of The
Mennel Milling Co.
"We are grateful for the opportunity to partner with the
Keynes family and their team moving forward. The entire
Keynes Brothers team should be commended for the exceptional
stewardship of the company."
Like Mennel, Keynes Brothers Inc. is comprised of five generations of family leadership as well as more than a century's
worth of flour milling experience.
Together, Mennel plans to expand flour production and
From left, Scott Flick, plant manager; David Marty, vice-president of operations; Tom Kellogg, project manager; Heidi Long, vice-president of sales;
Ford Mennel, president; Gary Lowery, milling superintendent; and Hal
Bishop, director of automation and electrical systems, inside Mennel headquarters in Fostoria, Ohio, U.S. Photo courtesy of Mennel Milling.
for more details.
improve access to high-quality products for their customers.
"It was after thoughtful consideration, we made the tough yet
strategic decision to sell Keynes Brothers to Mennel," said Bill
Keynes Jr., Keynes Brothers Inc.
"We feel confident that they will provide a seamless transition for those impacted. Our family has maintained a longtime
relationship with the Mennel family, which made them a natural
choice for this transaction. We know they will make best use of
our facilities as it fits into the company's footprint and mission
to take care of its people."
Mennel is working with Keynes to hire members of their team
to fill approximately 50 area positions.
"We're truly excited to welcome Keynes Brothers to the
Mennel family," Ford Mennel said.
"With the resources of our growing company and the added
experience of the Keynes team, we believe we can continue the
Keynes legacy in the industry and remain a pillar in the community for many years to come."
According to Sosland Publishing Co.'s 2018 Grain & Milling
Annual, Mennel has a total of 10 grain storage facilities and a
total licensed storage capacity of 16.625 million bushels. The
company also operates five flour mills with total wheat flour
capacity of 40,900 cwts and grain storage capacity of 8.108 million bushels.
If the acquisition is completed, Mennel's total wheat flour capacity would climb to 49,500 cwts with the addition of Keynes
Brothers' 8,600-cwt flour mill in Logan, according to the GMA.
Now in its fifth generation, Mennel has 500 employees and
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trucking companies; two bakery mix facilities; a popcorn plant;
among other businesses.
June 2018 / World Grain / www.World-Grain.com
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