DENVER - The new flour milling joint venture of ConAgra Foods Inc., Cargill and CHS Inc. has chosen Colorado for its headquarters.
Colorado Gov. John Hickenlooper's office said that Ardent Mills is expected to have a presence in the Denver area starting in 2014, pending final approval of incentive packages. State officials estimate the operation could bring 250 jobs.
Ardent Mills brings together the flour milling companies ConAgra Mills and Horizon Milling, which is a joint venture of Cargill and CHS.
Omaha, Neb.-based ConAgra and Minneapolis-based Cargill will each have a 44 percent stake in Ardent Mills. St. Paul, Minn.-based CHS will own 12 percent.
Horizon Milling President Dan Dye will be CEO, while ConAgra Mills President Bill Stoufer will be Ardent Mills' chief operating officer and chief integration officer.