Chattanooga's Milner Milling Purchases Cereal Food Processors

Wednesday, March 12, 2014

Milner Milling and Pendleton Flour Mills have an agreement to purchase Cereal Food Processors, headquartered in Mission Woods, Ks., creating the third largest flour milling company in the United States.  

The transaction details were not disclosed, and the name of the newly created company will be announced at a later date. 

Combining two of the nation’s top independent flour milling companies, the new company will serve customers in the baking and food industries across the country.

The formation of the newly combined companies is expected to be completed during the spring of 2014, following regulatory clearances.

Milner Milling and Pendleton Flour Mills were advised by FourBridges Capital Advisors (Investment Banking) and Sutherland Asbill & Brennan (legal). Cereal Food Processors was advised by William Blair & Company (Investment Banking) and Foulston Siefkin (legal).

Atlanta Tech CEO Joins FourBridges Team

FourBridges Capital Advisors Thursday announced that Doug Johns, the current chairman and former CEO of HDJ Wireless Enterprise LLC, an Internet of Things company that operates the Atlanta-based global technology firm NIVIS, has joined the FourBridges team as senior advisor.  Mr. Johns will expand the investment banking firm’s industry focus to include technology and telecommunication ... (click for more)

FirstBank Gains Regulatory Approval For Acquisition Of Northwest Georgia Bank

FirstBank, the wholly owned subsidiary of First South Bancorp, Inc., and third largest Tennessee-headquartered bank, announced Thursday it has received all necessary regulatory approvals to complete its acquisition of Northwest Georgia Bank in Ringgold. These approvals came from the Federal Deposit Insurance Corporation, the Tennessee Department of Financial Institutions and the ... (click for more)

Crowd Packs Lindsey Street Hall For Presidential Candidate Rubio

A Chattanooga crowd packed the Lindsey Street Hall for presidential candidate Marco Rubio on Thursday afternoon. Former Congressman Zach Wamp, the statewide Rubio chairman, helped build the frenzy with a spirited introduction. "I believe in him 100 percent," he said of the 44-year-old junior Florida senator. The candidate stepped onto the stage of the former church just after ... (click for more)

Soddy Daisy Reaches Settlement With Former Police Chief On Lawsuit

The Soddy Daisy Commission acting on the recommendation from City Attorney Sam Elliott, voted to accept the decision made during mediation regarding a lawsuit against the city. City Manager Janice Cagle and attorney Elliott attended a day-long mediation concerning that lawsuit against the city brought by former police chief David Loftis claiming wrongful termination. While the city ... (click for more)

Who's Responsible For East Ridge's Stadium? - And Response (2)

There just can be no excuse for East Ridge High School's stadium being in such dangerous condition that it has been condemned.   Where is responsible for this? I know there are a few other stadiums like this as well. And there is no excuse for this.  Building new and beautiful schools, state of the art technology. Top athletic facilities as well. Yet, East Ridge ... (click for more)

Roy Exum: Every Child Must Watch This

In the course of my day, I read different websites, am sent all kinds of neat videos and I love the jokes I get. But when I logged onto my ever-bulging email account Thursday morning, I happened across the scariest, most terrifying video I have ever watched. There is a website I check called “Atchuup” that boasts “cool stories daily.” Some are pretty good but this one nearly knocked ... (click for more)