DENVER — Ardent Mills has reached an agreement to acquire the Mondelez Canada flour mill in Mississauga, Ont. The details of the transaction, which is expected to close in the next few weeks, were not disclosed.
The mill produces hard and soft wheat flour for its Canadian bakeries and a number of food manufacturing customers. According to Ardent Mills, the Mississauga mill will add to its capabilities to serve food manufacturers across Canada. 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 CEO. “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.”