Liberty Flour Mills Inc. recently announced that its board has approved a strategic review of its milling business and some other non-core assets as part of an effort to focus effort and capital on high growth opportunities. The company stated that the review would include evaluating multiple options, such as potential sale, demerger, or continued development of the company's flour business.
Despite the board's decision to look into alternatives, the flour business remains a significant part of operations. The company went on to clarify that all business operations will continue as normal throughout the review process, and that an advisor has been appointed to streamline the process.
The company also emphasized that the review is still in its early stages, and that there is no guarantee that any specific actions will be taken. Liberty Flour added that it will provide updates as developments occur.