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Milling & Grains – INVESTMENTS, FUNDING & M&A
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BUA Foods posts 101% profit surge as revenue hits US$989M
The company’s unaudited results released to the Nigerian Exchange Ltd. (NGX) show gross profit climbed 56 %, while profit before tax surged 101 %.
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Fourth Milling Co. invests US$70M in new flour, feed mills in Al-Kharj
The deal, signed on November 4, covers the construction of factory buildings, warehouses, and supporting infrastructure for the project.
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Malawi’s maize imports from Zambia delayed over payment shortfall
The government has imposed a ban on maize exports to curb further depletion of national stocks.
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Mennel Milling completes acquisition of Mondelez International’s Toledo flour mill
The acquisition solidifies Mennel’s standing as a leading flour producer in the US and strengthens its ability to meet growing customer demand across the region.
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Ardent Mills to shut two US flour mills, Garbanzo bean plant also closing
The two mills have combined daily milling capacity of 12,800 cwts, including 7,000 cwts at the Omaha North mill and 5,800 cwts at the York, Pennsylvania, US, mill.