This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

ConAgra Foods, Cargill And CHS Name Denver Area As Future Headquarters For Ardent Mills

ConAgra Foods, Cargill and CHS announced today that its proposed new joint venture flour milling company, Ardent Mills, will establish its headquarters in the Denver metropolitan area, contingent upon final application and approval of state and local incentives. The transaction is expected to be completed in late calendar year 2013, following regulatory clearances, financing and the satisfaction of customary closing conditions. A specific office location and operating date has not yet been set for the new headquarters, but the new company is expected to have a presence in the Denver area starting in 2014.

“Selecting the Denver area as the home for Ardent Mills will allow us to offer great quality of life for employees, provide excellent service to our customers, and position the business for long-term growth. The energy of this metropolitan area, ranked sixth on Bloomberg BusinessWeek’s list of 50 Best American Cities, is a great match for Ardent Mills,” said Dan Dye, who currently serves as president of Horizon Milling and will lead Ardent Mills as chief executive officer once the new company is formed. “The vision of Ardent Mills is to be the trusted partner in nurturing our customers, consumers and communities through innovative and nutritious grain-based solutions – and we will be well-positioned to achieve that vision from the Denver area.”

“We are enthusiastic about making the Denver region the home of Ardent Mills and are eager to establish the company’s roots there after the transaction is completed,” said Bill Stoufer, current president of ConAgra Mills, who will serve as Ardent Mills’ chief operating officer and chief integration officer. “Our intent is to help our customers innovate and grow in a dynamic marketplace, and Ardent Mills will be in a great position to do that in the Denver area.”

Colorado Governor John Hickenlooper comments: “Ardent Mills is an excellent fit for Colorado and will bring benefits to both rural and urban areas of the state. We want to welcome Ardent Mills to Colorado and we look forward to helping them tap into one of the nation’s top workforces and our vibrant agriculture community that includes leading agricultural research institutions.”

1 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,083.80 -2.83 -0.02%
S&P 500 1,987.98 +0.97 0.05%
NASDAQ 4,472.1080 -1.5890 -0.04%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs