World Grain - October 2015 - 30
FEATURE: ARDENT MILLS COMING INTO ITS OWN
being the industry's largest company.
"Being big is no guarantee of success," Stoufer said. "It's almost like if
you view that as a right to success, you
are going to fail. We are trying to instill
the sense of a nimble, entrepreneurial organization, even though we are big. We
do operate a lot of plants. How do we
behave small and react for the customer in the marketplace? That's the most
LPSRUWDQWWKLQJ:H¶UH¿QGLQJQHZDQG
better ways to do that every day."
While seeking to meet customer
needs today, Stoufer said Ardent Mills
is looking to satisfy expectations that
are still greater as a result of change
WUDQVSLULQJRXWVLGHRIWKHÀRXUPLOOLQJ
industry.
"Our customers' view of service
is not driven by what Ardent Mills is
doing," he said. "It's driven by other
industries. Think about Google or
Amazon or other great companies that
KDYH WKLV YHU\ GH¿QHG PHDVXUH RI H[pertise. Those are the ones setting the
bar for Ardent Mills. We have to sit
back and go, 'What are the right expectations and metrics for the business to
operate as world class?' and then make
sure we are working to deliver against
it. And then, 'What's the appropriate
timeline to do that?'"
To Dye, these different and higher
aspirations are part and parcel of establishing Ardent Mills as a new and distinct company.
"It's the things that are unique to
$UGHQW 0LOOV WKDW GH¿QH XV DV D QHZ
company," he said. "We really tried to
PDNHWKDWFOHDUWRRXURZQSHRSOH¿UVW
but also with our customers. It is Ardent
Mills. That is our identity. We do it in everything from our signage to the way we
present and talk about our business. We
have really tried to put the legacy companies behind us and look forward as
Ardent Mills. There are things that take
time. We're even just now doing some of
the packaging changes, and doing other
things that will evolve with the brand of
$UGHQW0LOOV%XWIURPWKHYHU\¿UVWGD\
we said, 'We are Ardent Mills.'"
Stoufer added, "It's a lot of little
30
things that develop culture. It's empowering the people of Ardent Mills,
and I think they've really embraced
their ability to make decisions. They
DUHWKHRQHVGH¿QLQJWKHFXOWXUH,WLVQ¶W
anyone on the senior team. It's how our
people behave and the actions they take
WKDWGH¿QHWKHFXOWXUH´
Even as Ardent Mills strengthens its
corporate identity, Dye said the company continues to enjoy a "very positive" relationship with its three owners
- Cargill, Incorporated; CHS, Inc.; and
ConAgra Foods, Inc. He described the
valuable wheat origination capabilities
of CHS as a "highlight of the company's
¿UVW\HDU´&DUJLOOWRRKDVEHHQDKHOS
with origination but also a partner on
food ingredients to similar customers.
"ConAgra Foods is a big customer of
Ardent Mills and also a major partner
in terms of thinking about the consumer differently," Dye said.
ConAgra Foods and Cargill each own
44% of Ardent Mills with CHS owning
the remaining 12%. Based on public
¿OLQJVVKDUHKROGHUVLQ$UGHQW0LOOVUHceived a total of about $177 million in
dividend payments following the comSDQ\¶V¿UVW\HDURIRSHUDWLRQV
While both Horizon Milling and
ConAgra Mills devoted considerable
VXPVWRXSGDWLQJWKHLUÀRXUPLOOVLQUHcent years, Stoufer said Ardent Mills,
as an independent company, is positioned even better in this regard.
"We are committed to reinvesting in
the facilities, making the right investments in the right facilities to help our
customers and help our business," he
said. "The process stops with Ardent
Mills. You aren't competing for capital dollars with other businesses. Today
we say, 'What's right for Ardent Mills?'
and that's the end of the decision."
Dye added, "As Bill says, we're not
competing for dollars with ConAgra
Foods or Cargill, but we are competing
among a lot of projects within our business. We still have to have priorities."
Just 15 months old as an enterprise,
Ardent Mills announced in August its
LQWHQW WR SXUFKDVH WKH 0RQGHOH] ÀRXU
mill in Mississauga, Ontario. This
transaction closed on Sept. 1 and repUHVHQWVWKHFRPSDQ\¶V¿UVWDFTXLVLWLRQ
and mill in Ontario.
DENVER A GOOD FIT
A year after moving to Denver,
Stoufer and Dye gave Ardent Mills'
chosen new hometown high marks.
The Denver headquarters has more
than 200 team members, about 150
of whom moved from Minneapolis,
Minnesota,
U.S.,
and
Omaha,
Nebraska, U.S. The balance are local,
non-legacy team members.
"All have been very happy, very successful out here," Stoufer said of those
who have moved. "We've had no real
issues with the movement of the people.
"It's been a welcome move. If you
have to move with the business, this
was a good place to move to. Everyone
has their own personal issues, but from
a city perspective, this was a good
place to choose."
Stoufer tipped his cap to local and
state government leaders who have actively worked to help integrate Ardent
Mills into the Denver business community and to become involved in
civic and charitable matters. He said
the business community in Denver has
been "phenomenal" in its welcome of
the company.
³'HQYHU ZDV WKH ULJKW ¿W IRU$UGHQW
Mills," Dye said. "It turned out to be
right on many counts. We talk about the
goodness of grain. This is a great place
from which to tell that story. In a single
day here, we can take someone to see
a grower, to visit a mill and then to the
Ardent Mills Innovation Center once it
is completed at headquarters later this
year. There is this healthy, active lifestyle, openness to innovation and new
ideas and that local feel. There's just a
good energy, a good feel. It has been a
JRRG¿WIRURXUEUDQGRXULGHQWLW\´
A GREAT STORY TO TELL
With the creation of Ardent Mills and
other industry developments, Dye said the
time is right to step up efforts to change
October 2015 / World Grain / www.World-Grain.com
http://www.World-Grain.com
World Grain - October 2015
Table of Contents for the Digital Edition of World Grain - October 2015
World Grain - October 2015
Table of Contents
From the Editor-in-chief - Precision agriculture versus GMO’s
Calendar of Events
Registration opens for IPPE, Jan. 26-28, 2016
News Review - Louis Dreyfus hires new CEO, ending 17-month search
Ardent Mills finalizes deal to acquire Mondelez facility
Glencore considers selling stake in agricultural unit
Former Cargill executive to lead The Andersons
Flour milling specialist joins KSU faculty
Viterra to acquire oilseed processor
Nisshin plans major expansion of Canadian flour mill
Bunge to acquire Brazilian wheat miller
Cargill executive returns as member of Leadership Team
Woodchip company closer to exporting grain with ACCC decision
Australia plans to standardize, upgrade freight network
The Andersons completes grain facility updates
Mitsubishi to buy 20% share of Olam
Cargill to double capacity at soybean crush facility in Egypt
Grain Market Review - Rice
Country Focus - Indonesia
Feature - Ardent Mills coming into its own
Feature - More than a large number of mills
Feature - Face of Canada’s grain industry changing
The geography of demographic changes in Canadian agriculture
Feature - 'We're in dire straits'
Dr. Stephen Blank profile
Feature - Ship loading/unloading projects flourish
Port News Roundup
Feature - Australia seeks FTA's with Asia
Feature - Grain Market Roundtable
Milling Operations - Whole wheat flour milling, storage challenges
Feature - Global flour trade holding steady
IGC: Industrial use of grains forecast higher in 2015-16
Feature - Protecting the lifeblood of your operation
Technical Profile - Staying in control of mycotoxins
Supplier News
Product Showcase
World Grain Archive
Ad Index/Reader Information Form International Faxback Program
World Grain - October 2015 - World Grain - October 2015
World Grain - October 2015 - 2
World Grain - October 2015 - 3
World Grain - October 2015 - 4
World Grain - October 2015 - Table of Contents
World Grain - October 2015 - 6
World Grain - October 2015 - 7
World Grain - October 2015 - From the Editor-in-chief - Precision agriculture versus GMO’s
World Grain - October 2015 - 9
World Grain - October 2015 - Registration opens for IPPE, Jan. 26-28, 2016
World Grain - October 2015 - 11
World Grain - October 2015 - Ardent Mills finalizes deal to acquire Mondelez facility
World Grain - October 2015 - Glencore considers selling stake in agricultural unit
World Grain - October 2015 - Flour milling specialist joins KSU faculty
World Grain - October 2015 - Nisshin plans major expansion of Canadian flour mill
World Grain - October 2015 - Woodchip company closer to exporting grain with ACCC decision
World Grain - October 2015 - The Andersons completes grain facility updates
World Grain - October 2015 - Mitsubishi to buy 20% share of Olam
World Grain - October 2015 - Cargill to double capacity at soybean crush facility in Egypt
World Grain - October 2015 - Grain Market Review - Rice
World Grain - October 2015 - 21
World Grain - October 2015 - Country Focus - Indonesia
World Grain - October 2015 - 23
World Grain - October 2015 - 24
World Grain - October 2015 - 25
World Grain - October 2015 - Feature - Ardent Mills coming into its own
World Grain - October 2015 - 27
World Grain - October 2015 - 28
World Grain - October 2015 - 29
World Grain - October 2015 - 30
World Grain - October 2015 - 31
World Grain - October 2015 - 32
World Grain - October 2015 - 33
World Grain - October 2015 - Feature - More than a large number of mills
World Grain - October 2015 - 35
World Grain - October 2015 - 36
World Grain - October 2015 - 37
World Grain - October 2015 - Feature - Face of Canada’s grain industry changing
World Grain - October 2015 - 39
World Grain - October 2015 - 40
World Grain - October 2015 - 41
World Grain - October 2015 - The geography of demographic changes in Canadian agriculture
World Grain - October 2015 - 43
World Grain - October 2015 - 44
World Grain - October 2015 - 45
World Grain - October 2015 - Feature - 'We're in dire straits'
World Grain - October 2015 - 47
World Grain - October 2015 - Dr. Stephen Blank profile
World Grain - October 2015 - 49
World Grain - October 2015 - Feature - Ship loading/unloading projects flourish
World Grain - October 2015 - 51
World Grain - October 2015 - 52
World Grain - October 2015 - 53
World Grain - October 2015 - 54
World Grain - October 2015 - 55
World Grain - October 2015 - 56
World Grain - October 2015 - 57
World Grain - October 2015 - 58
World Grain - October 2015 - 59
World Grain - October 2015 - Port News Roundup
World Grain - October 2015 - 61
World Grain - October 2015 - 62
World Grain - October 2015 - 63
World Grain - October 2015 - Feature - Australia seeks FTA's with Asia
World Grain - October 2015 - 65
World Grain - October 2015 - 66
World Grain - October 2015 - 67
World Grain - October 2015 - 68
World Grain - October 2015 - 69
World Grain - October 2015 - Feature - Grain Market Roundtable
World Grain - October 2015 - 71
World Grain - October 2015 - 72
World Grain - October 2015 - 73
World Grain - October 2015 - 74
World Grain - October 2015 - 75
World Grain - October 2015 - 76
World Grain - October 2015 - 77
World Grain - October 2015 - Milling Operations - Whole wheat flour milling, storage challenges
World Grain - October 2015 - 79
World Grain - October 2015 - 80
World Grain - October 2015 - 81
World Grain - October 2015 - 82
World Grain - October 2015 - 83
World Grain - October 2015 - Feature - Global flour trade holding steady
World Grain - October 2015 - 85
World Grain - October 2015 - IGC: Industrial use of grains forecast higher in 2015-16
World Grain - October 2015 - 87
World Grain - October 2015 - Feature - Protecting the lifeblood of your operation
World Grain - October 2015 - 89
World Grain - October 2015 - 90
World Grain - October 2015 - 91
World Grain - October 2015 - Technical Profile - Staying in control of mycotoxins
World Grain - October 2015 - 93
World Grain - October 2015 - 94
World Grain - October 2015 - 95
World Grain - October 2015 - Supplier News
World Grain - October 2015 - 97
World Grain - October 2015 - 98
World Grain - October 2015 - 99
World Grain - October 2015 - 100
World Grain - October 2015 - 101
World Grain - October 2015 - Product Showcase
World Grain - October 2015 - 103
World Grain - October 2015 - 104
World Grain - October 2015 - World Grain Archive
World Grain - October 2015 - Ad Index/Reader Information Form International Faxback Program
World Grain - October 2015 - 107
World Grain - October 2015 - 108
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http://digital.world-grain.com/sosland/wg/2009_06_01
http://digital.world-grain.com/sosland/wg/2009_05_01
http://digital.world-grain.com/sosland/wg/2009_04_01
http://digital.world-grain.com/sosland/wg/2009_03_01
http://digital.world-grain.com/sosland/wg/2009_02_01
http://digital.world-grain.com/sosland/wg/2009_01_01
http://digital.world-grain.com/sosland/wg/2008_12_01
http://digital.world-grain.com/sosland/wg/2008_11_01
http://digital.world-grain.com/sosland/wg/2008_10_01
http://digital.world-grain.com/sosland/wg/2008_09_01
http://digital.world-grain.com/sosland/wg/2008_08_01
http://digital.world-grain.com/sosland/wg/2008_07_01
http://digital.world-grain.com/sosland/wg/2008_06_01
http://digital.world-grain.com/sosland/wg/2008_05_01
http://digital.world-grain.com/sosland/wg/2008_04_01
http://digital.world-grain.com/sosland/wg/2008_03_01
http://digital.world-grain.com/sosland/wg/2008_02_01
http://digital.world-grain.com/sosland/wg/2008_01_01
http://digital.world-grain.com/sosland/wg/2007_12_01
http://digital.world-grain.com/sosland/wg/2007_11_01
http://digital.world-grain.com/sosland/wg/2007_10_01
http://digital.world-grain.com/sosland/wg/2007_09_01
http://digital.world-grain.com/sosland/wg/2007_08_01
http://digital.world-grain.com/sosland/wg/2007_07_01
http://digital.world-grain.com/sosland/wg/2007_06_01
http://digital.world-grain.com/sosland/wg/2007_05_01
http://digital.world-grain.com/sosland/wg/2007_04_01
http://digital.world-grain.com/sosland/wg/2007_03_01
http://digital.world-grain.com/sosland/wg/2007_02_01
http://digital.world-grain.com/sosland/wg/2007_01_01
http://digital.world-grain.com/sosland/wg/2006_12_01
http://digital.world-grain.com/sosland/wg/2006_11_01
http://digital.world-grain.com/sosland/wg/2006_10_01
http://digital.world-grain.com/sosland/wg/2006_09_01
http://digital.world-grain.com/sosland/wg/2006_08_01
http://digital.world-grain.com/sosland/wg/2006_07_01
http://digital.world-grain.com/sosland/wg/2006_06_01
http://digital.world-grain.com/sosland/wg/2006_05_01
http://digital.world-grain.com/sosland/wg/2006_04_01
http://digital.world-grain.com/sosland/wg/2006_03_01
http://digital.world-grain.com/sosland/wg/2006_02_01
http://digital.world-grain.com/sosland/wg/2006_01_01
http://digital.world-grain.com/sosland/wg/2005_12_01
http://digital.world-grain.com/sosland/wg/2005_11_01
http://digital.world-grain.com/sosland/wg/2005_10_01
http://digital.world-grain.com/sosland/wg/2005_09_01
http://digital.world-grain.com/sosland/wg/2005_08_01
http://digital.world-grain.com/sosland/wg/2005_07_01
http://digital.world-grain.com/sosland/wg/2005_06_01
http://digital.world-grain.com/sosland/wg/2005_05_01
http://digital.world-grain.com/sosland/wg/2005_04_01
http://digital.world-grain.com/sosland/wg/2005_03_01
http://digital.world-grain.com/sosland/wg/2005_02_01
http://digital.world-grain.com/sosland/wg/2005_01_01
http://digital.world-grain.com/sosland/wg/2004_12_01
http://digital.world-grain.com/sosland/wg/2004_11_01
http://digital.world-grain.com/sosland/wg/2004_10_02
http://digital.world-grain.com/sosland/wg/2004_10_02
http://digital.world-grain.com/sosland/wg/2004_10_01
http://digital.world-grain.com/sosland/wg/2004_09_01
http://digital.world-grain.com/sosland/wg/2004_08_01
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