Ardent Mills finalizes deal to acquire Mondelēz facility

DENVER, COLORADO, U.S. — Having announced its intent on Aug. 20, Ardent Mills, a flour-milling and ingredient company, said on Sept. 1 that it has finalized the deal to purchase the Mondelēz Canada flour mill located in Mississauga, Ontario, Canada. The mill produces hard and soft wheat flour for its Canadian bakeries and a number of food manufacturing customers. The details of the transaction were not disclosed.

The Mississauga mill has daily capacity to produce 8,500 cwts of flour, milled from soft wheat and hard wheat. The facility has wheat storage totaling 1,900,000 bushels. Mississauga is located just outside of Toronto and is about a 90 mile drive from Buffalo, New York, U.S.

According to Ardent Mills, the Mississauga mill will add to its capabilities to serve food manufacturers across Canada, and will support Ardent Mills’ vision of being the trusted partner in nurturing its customers, consumers and communities through innovative and nutritious grain-based solutions. More than 30 existing team members have joined Ardent Mills with the close of the transaction.

“We are nimble and entrepreneurial. Acquiring this mill is consistent with our strategies for growth and our desire to help our customers win,” said Dan Dye, Ardent Mills Chief Executive Officer. “There is a strong team in place at the mill, and we are pleased to have them join Ardent Mills. We expect a very smooth transition as we serve our Canadian customers and ultimately consumers with safe, nutritious grain-based products. We are excited about this mill’s future and we’re confident we can leverage our innovation and supply chain capabilities going forward.”

Ardent Mills is by far the largest flour milling company in the United States but is the third largest in Canada, according to the Grain & Milling Annual published by Sosland Publishing Co. With the acquisition, Ardent Mills has a daily milling capacity in Canada of 39,000 cwts. Its total North American capacity is now 523,500 cwts.

Other major milling companies in Canada are ADM Milling Co., with daily capacity of 75,200 cwts and P&H Milling Group with 54,500 cwts of daily milling capacity.

Ardent Mills also has milling operations in Saskatoon, Saskatchewan, Montreal and Quebec as well as a bakery-mix facility in Burlington and an administrative/sales office in Brampton, Ontario.

Source: World Grain