If all goes as planned, North America’s largest grain miller will set up headquarters in Denver, Colorado, pending approval of certain conditions.
Ardent Mills, a joint venture between ConAgra Foods, Cargill and CHS, announced July 15 that it plans to set up a head office in Denver beginning next year.
Satellite offices will be located in Omaha, Nebraska, and Minneapolis, Minnesota.
Ardent Mills was formed earlier this year as a joint venture involving two of North America’s largest milling companies: ConAgra Milling and Horizon Milling.
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Horizon, which includes Canadian mills and mixing facilities in Saskatoon, Burlington, Ont., and Montreal, was a joint venture involving Cargill and CHS.
Under the new venture, Cargill and ConAgra Foods will each hold a 44 percent stake in Ardent Mills, while CHS will control a 12 percent interest.
Ardent’s operations consist of 44 flour mills, three bakery mixing facilities and a specialty bakery.
In a news release issued this week, Ardent said the new venture will combine the assets, capabilities and experience of three established companies to bring innovative products, services and solutions to the marketplace.
Suppliers that currently provide wheat to ConAgra and Horizon mills in Canada and the United States will benefit from additional sourcing opportunities and industry connections, the news release said.
