Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Nyse  >  ConAgra Foods Inc    CAG

Delayed Quote. Delayed  - 08/23 10:03:15 pm
46.25 USD   -1.70%
08/17 MARKET SHARE CO : Big Food needs some big changes Companies are losi..
08/16 CONAGRA FOODS : Heat shuts down shifts at ConAgra
08/12 CONAGRA FOODS : Judge pushes ConAgra salmonella hearing into fall
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

ConAgra Foods : Ardent Mills Begins Operations and a New Era in Grain

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/29/2014 | 02:43pm EDT

DENVER, May 29, 2014 /PRNewswire/ -- Today marks the first day of business for Ardent Mills, a premier flour-milling company supported by 40 mills, three bakery mix facilities and a specialty bakery. As announced in March 2013, Ardent Mills combines the operations of ConAgra Mills and Horizon Milling, a Cargill-CHS joint venture.

"This is a proud day for our employees and customers who have supported Ardent Mills during every step in this process as we begin a new era in grain," said Dan Dye, CEO, Ardent Mills. "Today is about many parts coming together to make a new and stronger whole. It's about a collective strength, history and ability to deliver quality and nutritious ingredients and carry that legacy into the future."

Ardent Mills will operate as an independent joint venture of its three parent companies, Omaha, Neb.-based ConAgra Foods, Minneapolis, Minn.-based Cargill and St. Paul, Minn.-based CHS. The company will maximize the combined assets, capabilities and experience of its parent companies to bring innovative flour and grain products, services and solutions to the marketplace.

As previously announced, Ardent Mills' headquarters will be in the downtown Denver area. The new company is expected to have a presence in the Denver area starting later this year.

"Landing Ardent Mills is a little like winning the Super Bowl-or at least the Flour Bowl-especially for rural communities," said Governor John Hickenlooper. "We are thrilled and honored that Ardent Mills has made this investment in our state. We are at the ready to support their team, and we have every confidence Ardent Mills will become the most innovative and successful milling operation in the country."

Ardent Mills will tap the market knowledge, transportation logistics, consumer insights, wheat sourcing capabilities, food ingredients and culinary expertise currently available through its parent companies. It will also provide expanded opportunities for wheat growers and co-ops because its asset base will offer additional sourcing opportunities. In addition, Ardent Mills' product innovation capabilities and other strengths will enable these wheat growers to further connect to the consumer marketplace.

"The North American Miller's Association (NAMA) welcomes Ardent Mills and the innovations it will contribute to our industry," said Jim McCarthy, President and CEO of NAMA. "This new company represents the ongoing strength of the U.S. milling industry and the popularity of milled flour products."

Bill Stoufer, Chief Operating Officer and Chief Integration Officer, Ardent Mills, said, "There is an excitement and energy among our employees to deliver quality ingredients rooted in sustainability, health and wellness, and aligned with the latest food trends. Ardent Mills will be a trusted partner for our customers, and we will always challenge ourselves to provide the best to our consumers and communities through innovative and nutritious grain-based solutions."

In addition to its Denver-area headquarters, Ardent Mills operates satellite offices in Omaha, Neb., and Minneapolis, Minn. ConAgra Foods and Cargill each own a 44 percent stake in Ardent Mills, with CHS owning a 12 percent interest. All three companies have representatives on Ardent Mills' board of directors.www.ardentmills.com.

Wells Fargo Securities, LLC served as the exclusive financial advisor to ConAgra Foods, Cargill, Inc. and CHS on the formation of Ardent Mills as well as the associated divestiture of the four flour mills to Miller Milling Inc., (a subsidiary of the Nisshin Seifun Group).

About Ardent Mills

Ardent Mills is a premier flour-milling company whose goal 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 40 flour mills, three bakery mix facilities and a specialty bakery, all located in the U.S., Canada and Puerto Rico.www.ardentmills.com.

SOURCE Ardent Mills

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on CONAGRA FOODS INC
08/17 MARKET SHARE CONSULTANTS : Big Food needs some big changes Companies are losing ..
08/16 CONAGRA FOODS : Heat shuts down shifts at ConAgra
08/12 CONAGRA FOODS : Judge pushes ConAgra salmonella hearing into fall
08/12DJDick's Financial Chief Departs
08/09 CONAGRA FOODS : Former executive at ConAgra joins Scoular as CEO ISU grad Paul M..
08/06 CONAGRA FOODS : salmonella case nearing end a decade after outbreak
08/01 CONAGRA FOODS : turnaround drives $70M+ investment
07/28 CONAGRA FOODS : AgroTech Foods launches ready to eat product ACT II Popcorn Tub
07/27 CONAGRA FOODS INC : ex-dividend day
07/25 CONAGRA FOODS : Platinum Equity Completes Acquisition of JM Swank
More news
Sector news : Food Processing - NEC
08/23 DANONE : Lactalis ready to discuss milk prices with angry French farmers
08/23DJJ M SMUCKER : Smucker Reports Sales Decline
08/23DJIOI BHD : Malaysia's IOI Corp Swings to Loss in 4Q
08/23DJWANT WANT CHINA : 1st Half Net Profit Up 0.4% at CNY1.76 Billion
08/18DJNestlé Seeks Bigger Piece of High-End Chocolate
More sector news : Food Processing - NEC
News from SeekingAlpha
08/15 Jana Partners picks up EXPE, BERY, and CCE and trims CAG
07/29 CONAGRA FOODS SPIN-OFF : What To Do?
07/19 This Company Could Be In The Economic Sweet Spot
07/15 Comparison Of 5 Giants From The Food Industry Based On A Growth-Stability Mod..
07/14 ConAgra snags Marberger from Prestige Brands as new CFO
Advertisement
Financials ($)
Sales 2017 11 479 M
EBIT 2017 1 666 M
Net income 2017 1 044 M
Debt 2017 4 031 M
Yield 2017 2,27%
P/E ratio 2017 19,24
P/E ratio 2018 17,65
EV / Sales 2017 2,12x
EV / Sales 2018 2,04x
Capitalization 20 320 M
More Financials
Chart CONAGRA FOODS INC
Duration : Period :
ConAgra Foods Inc Technical Analysis Chart | CAG | US2058871029 | 4-Traders
Full-screen chart
Technical analysis trends CONAGRA FOODS INC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 51,1 $
Spread / Average Target 10%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Sean M. Connolly President, Chief Executive Officer & Director
Steven F. Goldstone Non-Executive Chairman
John F. Gehring Chief Financial Officer & Executive Vice President
Andrew J. Schindler Independent Director
Ruth Ann Marshall Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
CONAGRA FOODS INC9.70%20 320
NESTLE SA4.76%251 496
KRAFT HEINZ CO22.97%108 943
MONDELEZ INTERNATIONAL..-3.64%67 215
DANONE9.62%50 690
GENERAL MILLS, INC.23.31%42 628
More Results