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.”
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