Ardent Mills Finalizes Deal to Acquire Mondelez Canada's Flour Mill in Mississauga, Ontario

First expansion for the young company since it opened for business in May 2014, adds to Canadian milling capabilities and service to customers

DENVER, Sept. 1, 2015 /PRNewswire/ -- Having announced its intent on August 20, Ardent Mills, the premier flour-milling and ingredient company, shared today that it has finalized the deal to purchase the Mondelēz Canada flour mill located in Mississauga, Ontario, Canada. The mill produces hard and soft wheat flour for its Canadian bakeries and a number of food manufacturing customers. The details of the transaction were not disclosed.

According to Ardent Mills, the Mississauga mill will add to its capabilities to serve food manufacturers across Canada, and will support Ardent Mills' vision of being the trusted partner in nurturing its customers, consumers and communities through innovative and nutritious grain-based solutions. More than 30 existing team members have joined Ardent Mills with the close of the transaction today.

"We are nimble and entrepreneurial. Acquiring this mill is consistent with our strategies for growth and our desire to help our customers win," said Dan Dye, Ardent Mills Chief Executive Officer. "There is a strong team in place at the mill, and we are pleased to have them join Ardent Mills. We expect a very smooth transition 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 going forward."

Ardent Mills also has milling operations in Saskatoon, Saskatchewan and Montreal, Quebec as well as a bakery-mix facility in Burlington and an administrative/sales office in Brampton, Ontario.

About Ardent Mills
Ardent Mills is the premier flour-milling and ingredient company whose vision is to be the trusted partner in nurturing its customers, consumers and communities through innovative and nutritious grain-based solutions. Ardent Mills' operations and services are supported by more than 40 flour mills and bakery-mix facilities along with a specialty bakery and Mobile Innovation Center, all located in the U.S., Canada and Puerto Rico. Deeply rooted in communities throughout North America, Ardent Mills is headquartered in Denver, CO and employs more than 100 certified millers, supporting thousands of local jobs and contributing billions of dollars to local economies. To learn more about Ardent Mills, visit ardentmills.com.

 

SOURCE Ardent Mills

For further information: Mary Ann Strombitski, 719.271.5295, maryann.strombitski@ardentmills.com, ArdentMills.com, http://www.ardentmills.com


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