Omaha — Gavilon Agriculture LLC confirmed last week that it has purchased 753 acres of industrial Mississippi River frontage known as the Winchester Whitney Plantation in Louisiana’s St. James Parish. Gavilon said it continually invests in assets that will benefit its customers and business. The future plans for this specific site have not yet been disclosed. Locals noted that demand for industrial sites along the river have increased in recent years due to fertilizer and petrochemical company expansions. Gavilon bought the property from Berwick LLC, a unit of Whitney National Bank, at a sales price of reportedly $10.4 million. In the meantime, Gavilon Holdings LLC continues to await the close of its own sale to Japanese trading firm Marubeni Group (GM June 4, 2012, p. 1). Marubeni announced in May 2012 that it would buy Gavilon, a grain, fertilizer, and energy trading firm, for some $3.6 billion, with expectations that approvals would be received in September 2012. A Gavilon spokesperson told Green Markets it is still awaiting approval from Chinese authorities.
Transparency Across the Fertilizer Value-Chain