CHS set to acquire eight Cargill grain facilities

Saint-Nazaire, France - September 21, 2022: Oil tanks of the sunflower processing plant of Cargill, an American global food corporation installed in the port of Nantes-Saint-Nazaire since 1964.

CHS, a major agribusiness cooperative based in St. Paul, Minnesota, has announced its intention to acquire eight grain facilities from Cargill, a global agribusiness headquartered in Minneapolis. This deal encompasses assets across five states, including facilities in Pipestone and Maynard, Minnesota; Morris and Seneca, Illinois; Holdrege, Nebraska; Cheyenne Wells and Byers, Colorado; and Parker, South Dakota.

According to the 2024 Grain & Milling Annual by Sosland Publishing Co., the capacities of these facilities vary, with Maynard handling 3.074 million bushels, Pipestone 1.682 million, Morris 125,000, Seneca 1.594 million, Holdrege 3.075 million, Cheyenne Wells 3.248 million, Byers 1.725 million, and Parker 935,000 bushels.

Rick Dusek, Executive Vice President of Ag Retail, Distribution, and Transportation at CHS, emphasized the importance of this acquisition for the cooperative’s farmer-owners. “Our farmer-owners rely on CHS to provide them with local assets that offer the speed and space to meet their current and future needs,” Dusek said. “Purchasing these grain assets is a key part of our strategy to strengthen our enterprise supply chain and enhance our connection to the global marketplace.”

The acquisition is expected to close in early June. This move will expand CHS’s already substantial network, which includes 230 grain storage facilities with a total licensed grain storage capacity of 403 million bushels. In comparison, Cargill operates 196 grain storage facilities with a capacity of 348 million bushels. This acquisition marks a significant expansion of CHS’s services and capabilities in grain management and distribution.

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