The strategic location of the Richardton facility will enhance Ardent Mills’ ability to meet increasing customer demand for alternative ingredient solutions.
The acquisition is expected to close in the third quarter of 2025.
A centerpiece of the new investment is a US$240 million Nature’s Bakery facility.
60% of production is expected to be exported to China, with the remaining portion earmarked for local consumption.
The US$1.2 billion investment will fund a 5,000-hectare seed farm and expand cultivation to 500,000 hectares.