Business: Commander to the Gulf

Third largest of U. S. flour milling companies, Commander-Larabee Corp. (headquarters: Minneapolis) last week became a little bigger by a strategic purchase. It acquired, for an undisclosed price, G. B. R. Smith Milling Co. of Sherman, Tex., which has a 2,000-bbl. daily flour production and a million bushels storage capacity for wheat. Its location assures Commander-Larabee of a supply of Gulf grain and cheap water transportation to the Atlantic Seaboard. With the addition. Commander-Larabee has 14 flour mills with a 40,000-bbl. capacity and storage space...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!