Midstate operates a 6,500-cwt flour mill in Newton. The facility also has 650,000 bus of grain storage.
Midstate’s roots date to 1935, when G.D. Drum acquired Maiden Flour Mill. He operated several mills before building a new facility in Newton in 1961. His son Boyd became president of the company in 1981. He died in December 2011 at the age of 77.
A second flour mill built by the company in 2000 in Wilson’s Mills, N.C., was acquired in 2007 by Bartlett Milling Co.
The company’s product line includes the traditional range produced by Southern mills, including family flour, corn meal, self-rising flour and other specialty biscuit and muffin mixes.
In the notice of the impending auction, the foreclosure was attributed to the company’s “default in the payment of indebtedness.” The auction was ordered by the Superior Court for Catawba County.