Miller Milling Co. has reached an agreement to acquire four U.S. flour mills.
April 24/Bloomington, Minn./Press Release -- In an announcement expected to result in the creation of two major flour milling companies, Miller Milling Co., the U.S. subsidiary of Nisshin Flour Milling Inc., has reached an agreement to acquire four U.S. flour mills. Included in the asset purchase agreement are the Los Angeles flour mill of Horizon Milling L.L.C. and the Oakland, Calif.; Saginaw, Texas; and New Prague, Minn., mills of ConAgra Milling.
The move is seen as pivotal in allowing an even larger transaction to move forward -- the creation of Ardent Mills through the combination of the remaining milling operations of ConAgra Foods Inc. and Horizon Milling L.L.C.