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US: Triple agriculture joint venture expects $4.3B in sales – will it earn approval?

By  |  March 13, 2013

Three of the nation’s largest agriculture companies have agreed to merger their flour milling businesses in a deal that would land them in a top spot in the market of wheat for the country. ConAgra, Cargill and the CHS farmers cooperative will pool their assets and expect sales to reach $4.3 billion. The deal, however, will likely come under antitrust scrutiny. One economist suggested that while the deal means a major change in the US market, if blocked it would place the companies at a significant disadvantage abroad.

 

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