Renwood bought out by two companies

by michelle t. bernard

o-n-e reporter
Renwood Mills, a milling company that has been operating continuously in Catawba County since 1935 and in Newton since 1960, was acquired by The Mennel Milling Company and Plaza Belmont Fund III on August 22, according to Renwood CEO Tommy Lynn.
Mennel Milling, based out of Fostoria, Ohio has been milling wheat into flour since 1886. Today, under leadership of the fifth generation of the Mennel family, D. Ford Mennel, Mennel Milling is the seventh largest flour milling company in the U.S. with five flour mills, according to a press release.
Plaza Belmont is a private equity group located in Shawnee Mission, Kansas, that specializes in the acquisition and development of middle market food manufacturing and related businesses, according to a press release.
Renwood will continue to make the products it has been, namely the Southern Biscuit and TendaBake brands of flour and mix as well as a wide variety of private label retail products, food-service and custom foodservice mixes as well as wholesale bulk flour, according to Lynn.
Further, Lynn indicated that the business will continue under the name of Renwood Mills and will continue to purchase grain from local farms as it has throughout the company’s history.

Renwood will also continue to host Biscuit Day on the lawn of the old 1924 Courthouse as it has for the past six years, according to Lynn.

“This is all a very positive transaction for Renwood,” said Lynn. “There will be no layoffs or terminations pursuant to this acquisition and I expect the business to continue to grow.”