CHATTANOOGA, TENN. — Grain Craft, the third largest flour miller in the United States, has signed an agreement to acquire the North American dry corn milling assets of Bunge Global SA. Financial terms were not disclosed.

The transaction, announced April 15, includes dry corn milling facilities in Crete, Neb.; Atchison, Kan.; and Danville, Ill.; and dry masa facilities in Muleshoe, Texas; Red Oak, Iowa; and Worthington, Ind.; along with a transload and packaging facility in Querétaro, Mexico.

The dry corn milling division, which includes about 600 employees, will continue to be headquartered in St. Louis. A closing date on the acquisition has not yet been established, and the completion of the sale is subject to regulatory approval and customary closing conditions.

“We are excited to welcome the Bunge corn milling team to our Grain Craft family,” said Pete Frederick, president and chief executive officer of Grain Craft. “This transformational acquisition expands our product offerings into an adjacent category and, along with the expertise of our entire team, will enhance our ability to service our customers across a broader spectrum of food ingredients.”

Chattanooga-based Grain Craft operates 15 flour mills with a combined daily capacity of 147,000 cwts, according to the 2025 Grain & Milling Annual published by Sosland Publishing Co. Together with its organic flour company, Central Milling, Grain Craft offers premium bulk and bagged flour for the baking, foodservice, pizza and tortilla industries.

For Bunge, the transaction would mark the end of a 45-year history in US corn milling, dating back to the company’s 1979 acquisition of Lauhoff Grain Co., based in Danville. The addition of Lauhoff made Bunge, whose global headquarters were in Sao Paulo, Brazil, at the time, the largest dry corn miller in the world. The head of Bunge’s North American business characterized the deal as a “major expansion and diversification” for the company.

Bunge said the announcement to sell the corn milling business to Grain Craft comes after a strategic review of how its core operations fit within its global footprint.

“We carefully considered how this regional business fits with our long-term plans and made the strategic decision to focus on other areas of our core business that are more strongly connected to our global value chains,” said Julio Garros, co-president of Agribusiness for Bunge. “We are grateful for the hard work and dedication of our milling team and their commitment to running the business safely and efficiently while delivering high-quality products to our customers.”