NORTH AMERICAN BUSINESS
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
NORTH AMERICAN BUSINESS
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS
No Result
View All Result
NORTH AMERICAN BUSINESS
No Result
View All Result
Home ALL Agriculture

Cargill announces acquisition of Owensboro Grain Company

by Ed Johnson
November 29, 2022
A A

MINNEAPOLIS – Cargill and Owensboro Grain Company, a fifth-generation family-owned soybean processing facility and refinery located in Owensboro, Ky., today announced that they have entered into a definitive agreement where Cargill will add Owensboro Grain Company (OGC) to its North American agricultural supply chain business.

Owensboro Grain Company was founded in 1906 as a small grain merchant and today operates a fully integrated soy processing facility, producing soy products, including protein meal and hull pellets for animal feeds, crude and degummed oil, lecithin, various blends of refined vegetable oil for human consumption, biodiesel, glycerin and industrial waxes. The addition of Owensboro Grain Company enhances Cargill’s efforts to modernize and increase capacity across its North American oilseeds network to support growing demand for oilseeds driven by food, feed and renewable fuel markets.

“We are pleased to welcome Owensboro Grain Company into our Cargill family,” said Leonardo Aguiar, president of Cargill’s North American agricultural supply chain. “Our two companies have tremendous operational histories, similar heritages as grain merchants, and values, including an unwavering commitment to prioritizing people ― making this a tremendous fit. Additionally, this is a significant milestone in Cargill’s journey to create a connected and modernized grain experience for our customers,” said Aguiar.

“We are excited for this new chapter in the life of Owensboro Grain Company and believe an acquisition by Cargill will ensure the long-term success of the company,” said Helen Cornell, president and CEO of the fifth-generation, family-owned soy processor. “Cargill has the ability to capitalize on growing opportunities in the industry, such as renewable energy. The acquisition will ensure that Owensboro Grain Company, its employees, farmers, customers and the community are best positioned for the future. We are excited to transfer ownership to another multi-generational family held enterprise with global access to markets and capabilities to ensure the future growth of our business. Cargill has the global resources necessary to support Owensboro Grain Company’s growth goals and operations.”

Terms of the deal were not disclosed. The transaction, which has been approved by the Boards of Directors of Cargill and Owensboro Grain Company, is subject to regulatory approvals and other customary closing conditions and is expected to close in early 2023.

Tags: < Invest | M&A
ShareTweetShareSend

Related Industries

Agriculture

Cargill Wins 2023 BIG Innovation Award

January 12, 2023
Agriculture

Cargill Announces CFO Transition

January 10, 2023
Agriculture

CARE, Cargill renew partnership to support women in agriculture during worsening global hunger crisis

December 14, 2022
Agriculture

Cargill Appoints Brian Sikes as President and Chief Executive Officer, and Dave MacLennan as Executive Chair of the Board

November 22, 2022
Agriculture

Cargill Named in Fast Company’s Second Annual List of “Brands That Matter”

October 26, 2022
Agriculture

Virginia (Ginni) M. Rometty elected to Cargill’s Board of Directors

September 16, 2022

Cargill Wins 2023 BIG Innovation Award

January 12, 2023

...

Hyundai Motor America Reports Record-Setting December, Q4 and 2022 Sales

January 5, 2023

...

UC Investments Creates Strategic Venture with Blackstone to Invest $4 Billion in BREIT Common Shares

January 4, 2023

...

BASF breaks ground on MDI capacity expansion project at Geismar site

January 12, 2023

...

Randstad announces new leaders for Asia Pacific, North America and Technologies business.

January 6, 2023

...

GE Completes Separation of GE HealthCare

January 5, 2023

...

Barclays Expands Technology Banking Franchise with Two Senior Appointments

January 26, 2023

...

Intel Board of Directors Appoints Frank D. Yeary as New Independent Chair

January 24, 2023

...

ABB sells Power Conversion division to AcBel Polytech Inc. for $505 million

January 21, 2023

...

NORTH AMERICAN BUSINESS (www.na-biz.com) is a leading source of business and corporate news, information, industry trends, market updates and insights across a broad spectrum of industries in North America and worldwide.

INDUSTRIES

  • Aero
  • Agriculture
  • ALL
  • Automotive
  • Business Service
  • Chemical
  • Construction
  • Construction Materials
  • Consumer
  • Education
  • Energy
  • Entertainment
  • Environmental
  • F&B
  • Financial
  • Healthcare
  • Hospitality
  • Industrial
  • IT
  • IT Hardware
  • Logistic
  • Metal & Mining
  • Packaging & Paper
  • Rail
  • Real Estate
  • Telecom

CONTACT US

EDITORIAL:     editor#na-biz.com

PARTNERSHIP:     biz#na-biz.com

HUMAN RESOURCE:     hr#na-biz.com

* (replace # with @)

  • Official Site

Copyright © NA-BIZ.COM All rights reserved.

No Result
View All Result
  • HOME
  • SUSTAINABILITY
  • INVEST
  • MARKET
  • PARTNERSHIP
  • INNOVATION
  • PEOPLE
  • INSIGHTS

Copyright © NA-BIZ.COM All rights reserved.