Ardent Mills, the premier flour-milling and ingredient company, announced its intent to acquire the Mondelez 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 transaction is expected to close in the next few weeks.
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. The more than 30 existing team members are expected to join Ardent Mills when the transaction closes.
"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. "They have a strong team in place at the mill, with a passion for the craft of milling. We want to nourish this facility and its people 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, after the transaction closes."
Ardent Mills also has milling operations in Saskatoon, Saskatchewan and Montreal, Quebec as well as a bakery-mix facility in Burlington and an administrative/sales office in Brampton, Ontario.
Ardent Mills to Acquire Mondelez Canada's Flour Mill
Expansion is a first for company since it opened for business in May 2014
August 26, 2015