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Grain Craft, a supplier of flour used for tortillas by many Mexican restaurants, announced today they have signed an agreement to acquire the North American dry corn milling assets from Bunge, a global agribusiness and ingredients company.
The acquisition includes the addition of approximately 600 team members and six milling facilities. This includes three dry corn milling facilities in Crete, NE; Atchison, KS; and Danville, IL. It also includes three dry masa facilities in Muleshoe, TX; Red Oak, IA; and Worthington, IN; along with a transload and packaging facility in Querétaro, Mexico. The dry corn milling division will continue to be headquartered in St. Louis, Missouri.
“We are excited to welcome the Bunge corn milling team to our Grain Craft family, said Pete Frederick, president and CEO of Grain Craft. “This transformational acquisition expands our product offerings into an adjacent category and, along with the expertise of our entire team, will enhance our ability to service our customers across a broader spectrum of food ingredients.”
A closing date on the acquisition has not yet been established. The completion of the sale is subject to regulatory approval and customary closing conditions.
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