Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Ardent Mills to close four U.S. flour mills by first-quarter of 2020

Published 05/10/2019, 02:25 PM
Updated 05/10/2019, 02:30 PM
© Reuters. Ardent Mills to close four U.S. flour mills by first-quarter of 2020

By Karl Plume

(Reuters) - Ardent Mills will close three U.S. flour mills next month and a fourth in the first quarter of 2020, the flour miller and food ingredient maker announced on Friday.

The company, a joint venture between ConAgra Foods (NYSE:CAG), Cargill Inc and CHS Inc, said the closures were necessary due to "anticipated demand and to enhance the efficiency of the Ardent Mills network."

Its Macon, Georgia; Loudonville, Ohio; and Red Lion, Pennsylvania mills will close by June 30, while its Rush City, Minnesota mill will be shuttered in the first quarter of 2020, the company said in a release.

Ardent Mills did not specify how much capacity will be lost with the closures and did not provide details of any job losses at the mills.

The company did not immediately respond to a request for further comment.

Ardent Mills currently operates 38 flour mills and bakery mix plants in the United States, Canada and Puerto Rico.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.