Grain Craft, the largest independent flour milling company in the United States, has announced the signing of an agreement to acquire the North American dry corn milling operations of global agribusiness and food ingredients leader, Bunge. The transaction encompasses six milling facilities and will see approximately 600 employees join the Grain Craft team.

Under the terms of the definitive agreement, Bunge will divest its dry corn and corn masa milling businesses in North America to Grain Craft. The facilities included in the sale are located in Danville, Illinois; Worthington, Indiana; Crete, Nebraska; Red Oak, Iowa; Muleshoe, Texas; Atchison, Kansas; and Queretaro, Mexico.

Julio Garros, Co-President of Agribusiness at Bunge, commented on the strategic rationale behind the divestiture: “We carefully considered how this regional business fits with our long-term plans and made the strategic decision to focus on other areas of our core business that are more strongly connected to our global value chains. We are grateful for the hard work and dedication of our milling team and their commitment to running the business safely, and efficiently while delivering high-quality products to our customers.”

Grain Craft President and CEO Pete Frederick highlighted the significance of the acquisition for the company’s future growth: “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.”

The completion of the transaction remains subject to regulatory approvals and customary closing conditions.