ConAgra Foods, Cargill and CHS announced that their proposed new joint venture flour milling company, Ardent Mills, will establish its headquarters in the Denver metropolitan area
July 19/Denver/Press Release -- ConAgra Foods, Cargill and CHS announced that their proposed new joint venture flour milling company, Ardent Mills, will establish its headquarters in the Denver metropolitan area, contingent upon final application and approval of state and local incentives. The transaction is expected to be completed in late calendar year 2013, following regulatory clearances, financing and the satisfaction of customary closing conditions. A specific office location and operating date has not yet been set for the new headquarters, but the new company is expected to have a presence in the Denver area starting in 2014.
“Selecting the Denver area as the home for Ardent Mills will allow us to offer great quality of life for employees, provide excellent service to our customers, and position the business for long-term growth. The energy of this metropolitan area, ranked sixth on Bloomberg BusinessWeek’s list of 50 Best American Cities, is a great match for Ardent Mills,” said Dan Dye, who currently serves as president of Horizon Milling and will lead Ardent Mills as chief executive officer once the new company is formed. “The vision of Ardent Mills is to be the trusted partner in nurturing our customers, consumers and communities through innovative and nutritious grain-based solutions, and we will be well-positioned to achieve that vision from the Denver area.”