World Grain - October 2020 - 13

MGEX membership approves merger
MINNEAPOLIS, MINNESOTA, US - The Minneapolis
Grain Exchange (MGEX) membership has voted in favor
of demutualization to proceed with Miami International
Holdings (MIH) acquiring MGEX. On Aug. 14, MIH and
0*(; DQQRXQFHG WKH\ KDG HQWHUHG LQWR D GH¿QLWLYH DJUHHment and plan of merger under which MIH agreed to acquire
MGEX for a combination of cash and MIH common stock.
"We are grateful that our seat holders recognized the exWUDRUGLQDU\RSSRUWXQLW\D൵RUGHGWRXVWKURXJKWKHMRLQLQJ
of our exchange with MIA exchange group," said Mark
*%DJDQSUHVLGHQWDQGFKLHIH[HFXWLYHR൶FHURI0*(;
"The demutualization and merger with MIH will position

us for the continued growth of MGEX."
The merger remains on schedule and is expected to close in
WKHIRXUWKTXDUWHURIVXEMHFWWRWKHVDWLVIDFWLRQRIFXVtomary closing conditions and regulatory approvals.
Once the merger is complete MGEX will become a wholly
owned subsidiary of MIH. MIH will continue to maintain the
trading and clearing operations of MGEX, including its hard
red spring wheat contract, while adding new futures products.
"The decision to demutualize shows a tremendous vote of
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oldest and most respected exchanges," said Thomas P.
Gallagher, chairman and CEO of MIH.

Mennel selects director of food safety
FOSTORIA, OHIO, US - The Mennel
Milling Co. recently promoted Mistelle
Signor to director of food safety, quality
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Fostoria, Ohio, US.
In her new role, Signor provides organi]DWLRQDOOHDGHUVKLSRIWKHFRPSDQ\¶VIRRG
safety, quality and regulatory program and
Signor
VHUYHVDVDQDFWLYHPHPEHURI0HQQHO¶VLQnovation team. She is responsible for developing and executing strategies, policies, and procedures to protect the safety,
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of its customers and consumers alike.
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Mennel as the director of food safety, quality and regulatory
where she is ultimately responsible for ensuring our products
continue to be of the highest quality and serve the needs of our
customers and consumers," said Scott Osborne, vice president

of innovation. "Mistelle comes into this role perfectly suited
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mix. We look forward to the impact she will have on our program and those we serve."
Before accepting the top food safety role at Mennel, Signor
was quality manager at Mennel Bakery Mix and Foodservice
- Martel in Caledonia, Ohio, US.
With more than 18 years of experience, Signor said she understands the need to maintain a collaborative working environment between site managers, quality managers and frontOLQHVWD൵WRHQVXUHFRPSOLDQFHDQGEXLOGVXFFHVVIXO&RUUHFWLYH
and Preventative Action (CAPA) plans and system as well.
"Since we already have a strong and reputable food safety
and quality program at Mennel, I was provided the opportuQLW\WRVSHQGWKH¿UVWIHZPRQWKVLQP\QHZUROHEHLQJPRUH
KDQGVRQZLWKWKHWHDP´6LJQRUVDLG³,¶YHOHDUQHGDORWE\
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other leaders and industry professionals."

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