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Japanese company enters U.S. flour milling business with $25 million investment.
May 17, 2023
NIPPN Group, through its subsidiary NIPPN USA Inc., announced this week that it has invested $25 million for a 25% stake in Utah Flour Milling.
Utah Flour is a newly planned flour mill to be constructed by PHM Brands LLC, which operates mainly in the wheat flour business in the U.S. NIPPN said it will invest and participate in the operation of Utah Flour as a business and strategic partner.
The Utah Flour will be a state-of-the-art flour mill with leading-edge technology and will also utilize Energis Solutions’s patented pathogen-reduction biotechnology. Energis Solutions, a subsidiary of PHM Brands LLC, is a Colorado-based biotechnology company with patented technology which has been customized to provide environmentally green pathogen reduction for both food and non-food applications.
NIPPN is committed to realizing its long-term vision of “business expansion in North America and business development including inorganic growth strategy” through this investment. The move enhances the company’s overall strength as a flour miller and will accelerate the speed of business growth in the U.S. by leveraging synergies the company’s existing entities; NIPPN California Inc., a California-based premix sales company, and Pasta Montana LLC, a-Montana-based pasta production and sales company.
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