DENVER – Less than two weeks after announcing it had reached an agreement to acquire the Mississauga, Ont., flour mill of Mondelez Canada, Ardent Mills on Aug. 31 said the transaction has been finalized.
The mill, which has daily capacity to produce 8,500 cwts of flour, produces hard and soft wheat flour for baking companies and other food manufacturers in Canada. Terms of the transactions were not disclosed.
|Dan Dye, c.e.o. of Ardent Mills|
“We are nimble and entrepreneurial,” said Dan Dye, chief executive officer of Ardent Mills. “Acquiring this mill is consistent with our strategies for growth and our desire to help our customers win. 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 said more than 30 existing employees of the Mississauga mill have joined Ardent Mills with the close of the transaction. In addition to the Ontario mill, Ardent Mills operates flour mills in Saskatoon, Sask., and Montreal, as as well as a bakery-mix plant in Burlington, Ont., and an administrative/sales office in Brampton, Ont.