In the US, Milner Milling Co. announced an agreement under which Milner and its partner milling company Pendleton Flour Mills will acquire Cereal Food Processors, Inc.
Terms of the transaction, which will bring together some of the nation’s most prominent independent flour milling companies, were not disclosed.
The acquisition is subject to regulatory approval and expected to close this spring. It would nearly triple the combined size of Milner/PFM. Cereal Food Processors is the fourth largest flour milling company in the United States, with daily milling capacity of 103,400 cwts. The capacities of Milner (34,800 cwts) and Pendleton (24,800) together total 59,600 cwts. Once the transaction is completed, the combined company would have daily milling capacity of 164,000 cwts, with flour mills in the states of Alabama, California, Georgia (2), Hawaii, Idaho, Kansas (3), Montana (2), Ohio, Oregon (2) and Utah (2).