Photo courtesy of Grain Craft

Jun 22, 2022

Grain Craft Acquired by Capital Investment Company

Grain Craft will continue to operate as an independent business

Grain Craft announces its parent company has entered into a definitive agreement for Grain Craft to be acquired by Redwood Capital Investments, LLC. Transaction terms were not disclosed.

Based in Baltimore, MD, Redwood Capital Investments is a permanent holding company with a demonstrated track record of investing in long-standing family-owned businesses across various industries.

“We are extremely excited to partner with Redwood and look forward to continuing to grow our business together,” said Peter T. Frederick, president and CEO of Grain Craft.

“Redwood is the ideal long-term home for the largest independent flour miller in the country," continued Frederick.

"They have a clear understanding of the business, its principles and management’s long-term strategy to create value for all stakeholders.”

Largest independent flour miller in the U.S.

As a leading flour miller, Grain Craft provides premium bulk and bagged flours through 13 milling locations across the U.S.

The company also has a corporate office in Chattanooga, TN, a satellite office in Overland Park, KS, and the Grain Craft Innovation & Quality (GCIQ) Lab in Manhattan, KS. Following completion of the acquisition, Grain Craft will continue to operate as an independent business.

History of Grain Craft ownership

Grain Craft is currently owned by G&L Holdings, a family holding company.

Prior to the formation of Grain Craft, the Grizzard and Labbe families, along with Grain Craft Chairman, Charlie Stout, spent several decades building leading flour milling businesses under the Milner Milling and Pendleton Flour Mills banners.

G&L led the establishment of Grain Craft in 2014 with the acquisition of Cereal Food Processors and merger with Milner Milling and Pendleton Flour Mills.

The transaction, which is expected to close in the third quarter of 2022, is subject to customary closing conditions and regulatory approval.

Feed & Grain Staff

Recently Added to Buyer's Guide

C-LEVER EVA HE Controller

  • For bulk solids, accuracy is not impacted by different material densities, irregular material flows or extreme friction
  • All connections available (Ethernet, Profibus, CANbus, etc.) as standard equipment to easily connect/coordinate with existing systems

SORTEX H SpectraVision

  • Real-time tracking of sorting performance and emergency warnings with SORTEX Monitoring System
  • Newly designed in-house full-color cameras provide best color differentiation for subtlest of color defects

Feed Ordering Hub

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  • Allows feed mills to make data-driven decisions and allocate resources better

24" Scalperators

  • Provides high capacity method for removing roughage, light fines and chaff in a single pass
  • Large material scalping and air density separation in one pass

Aqua MicroFeed System

  • Enables users to produce microfeed at 40% increased capacity
  • Optimized die can withstand higher pressure caused by smaller holes due to stronger construction, larger diameter and bigger open surface, and smart die base to create equal distribution of feed toward larger die

Metris Vibe

  • Wireless vibration and temperature sensor can monitor health status of mechanical equipment regardless of original manufacturer
  • Offers increased uptime, reduced maintenance, higher production reliability and improved safety

Magazine

Marketwatch: Jun, 28

US Corn Price Idx: ZCPAUS.CM

open: 7.456
high: 7.4914
low: 7.3203
close: 7.4232

US Soybean Price Idx: ZSPAUS.CM

open: 15.6145
high: 15.7047
low: 15.4076
close: 15.6277

US Hard Red Winter Wheat Price Idx: KEPAUS.CM

open: 9.5445
high: 9.5852
low: 9.2713
close: 9.2769

US Soft Red Winter Wheat Price Idx: ZWPAUS.CM

open: 8.7281
high: 8.7496
low: 8.4289
close: 8.4774