ÐÓ°Épro has signed an intent to purchase agreement for eight grain assets in five states from Cargill. With this purchase, ÐÓ°Épro aims to continue optimizing its enterprise supply chain while providing market access and end-to-end value to owners.
This purchase adds key grain facilities to the ÐÓ°Épro enterprise supply chain, connecting ÐÓ°Épro farmer-owners to the global marketplace. Assets included in the sale are in Pipestone and Maynard, Minn.; Morris and Seneca, Ill.; Holdrege, Neb.; Cheyenne Wells and Byers, Colo.; and Parker, SD.
“Our farmer-owners look to ÐÓ°Épro to provide them with local assets that have the speed and space to serve their needs today and into the future,” says Rick Dusek, executive vice president of ag retail, distribution and transportation for ÐÓ°Épro. “Purchasing these grain assets is part of a larger strategy to invest in our enterprise supply chain, efficiently connecting our owners to the global marketplace.”
In its media statement, Cargill said: “Cargill and ÐÓ°Épro have a strong partnership today based on shared values, strategic alignment and an effective and efficient business model, making ÐÓ°Épro the right partner for this sale.”
The purchase is tentatively planned to close in early June 2024.
