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CHS sells Mexican foods operations.

CHS Inc. recently sold its tortilla and chip operations to Gruma Corporation. The sale consists of three plants, located in New Brighton, Minn., Fort Worth, Texas, and Phoenix, Ariz. The plants employ about 250 employees. Gruma is a subsidiary of Gruma SA de C.V., of Monterrey, Mexico, which markets products under the Mission and Guerrero names.

"As we looked at the future direction of our operations and our investment in the value-added food sector, we concluded that it is in the best interest of all of our stakeholders that we divest of our Mexican foods operations and focus on other areas of our food and grain processing business," said John Johnson, CHS president and chief executive officer. "CHS remains committed to its vision of linking producers to consumers through its other grain-based food processing and manufacturing businesses."
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Title Annotation:NEWSLINE
Author:Campbell, Dan
Publication:Rural Cooperatives
Geographic Code:1USA
Date:Jul 1, 2005
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