Cargill has announced that it has completed the acquisition of Owensboro Grain Company, a fifth-generation family-owned soybean processing facility and refinery which are located in Owensboro, Kentucky.
“Today marks a significant milestone as we welcome Owensboro Grain Company into our Cargill family,” said Leonardo Aguiar, President of Cargill’s North American agricultural supply chain. “The addition of Owensboro Grain is an essential step on our journey to creating a connected, resilient and modernised grain experience for our customers and the markets we serve.”
The addition of Owensboro Grain Company will enhance Cargill’s efforts in increasing capacity across its North American oilseeds network to support growing demand for oilseeds.
The agreement to acquire the company dates back to November of last year, when Leonardo spoke of the companies similarities:
“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,” he said.
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