• Condensed by Lynda Kiernan

Ardent Mills to Build $62M Flour Mill, Grain Terminal at Port Tampa Bay

Ardent Mills announced plans to build a new $62 million flour mill and grain storage terminal at Port Tampa Bay. Launched in 2014, Ardent Mills is a joint venture between ConAgra Mills and Horizon Milling, itself a joint venture between Cargill and CHS. The project, which is expected to take 18 to 24 months to complete, is being undertaken to replace an older, existing ConAgra mill in downtown Tampa. Operations at the site are expected to begin in 2021.

In December 2018 the board of the port approved a lease for Ardent Mills on 10 acres at Port Redwing. Under the contract’s terms, Ardent will be granted a period of 12 months rent-free. During the 18-month construction phase the company will be charged $125,000 per year, and once operational, the mill will be charged $240,000 per year with increases indexed to the consumer price index.

Ardent Mills also sold its three-acre ConAgra mill site in Tampa to developers currently working on another project in the city.

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Lynda Kiernan is Editor with HighQuest Group Media and of the Oilseed & Grain News. If you would like to submit a contribution for consideration, please contact Ms. Kiernan at lkiernan@highquestgroup.com.

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