Nisshin to acquire Miller Milling

by World Grain Staff
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TOKYO, JAPAN — Nisshin Seifun Group Inc. announced on Feb. 27 that it has decided to fully acquire U.S.-based company, Miller Milling Company, which produces and sells wheat flour and semolina, Reuters reported.

Nisshin will reportedly pay $122 million to buy the company from John C. Miller, president and chief executive officer, effective late March 2012. Nisshin will acquire the company through its U.S.-based sub-subsidiary NSGI Holdings, Inc., which will be established in early March 2012.

Miller Milling, based in Minneapolis, Minnesota, U.S., was founded in 1985 by Miller and partner Michael Snow and Snow’s father Glenn Snow. The company offers a range of products including semolina and durum flours, hard red spring wheat flour, hard white wheat flour, organic semolina and by-products.

According to Sosland Publishing’s 2012 Grain and Milling Annual, Miller Milling has a total wheat flour capacity of 9,000 cwts and a durum flour capacity of 23,500 cwts. It has a wheat/durum flour mills in Fresno, California, U.S. and Winchester, Virginia, U.S.