St. Paul, Minn.-CHS Inc. said April 1 that it has acquired full ownership of Provista Renewable Fuels Marketing. CHS has purchased the 50 percent interest in Provista owned by US BioEnergy Corp., an ethanol manufacturing firm, making it the sole owner of Provista. US BioEnergy merged with VeraSun Corp. effective April 1, 2008. Terms of the transaction were not announced. CHS will operate Provista under its present name and leadership. “As sole owner of this successful renewable fuels marketing and distribution operation, CHS looks forward to new opportunities to connect biofuels producers and blenders quickly and efficiently as the alternative fuels industry continues to grow,” said Leon Westbrock, CHS executive vice president and chief operating officer, energy. Provista currently markets more than 550 million gallons of ethanol. In other news, CHS also reported on April 1 that it has acquired Legacy Foods LLC of Hutchinson, Kan. CHS will operate the business as part of its oilseed processing group, managed by Dennis Wendland, senior vice president of oilseed processing. The Kansas-based company is one of the nation’s premier producers of Ultra Soy® (textured soybean-based food products) and TSP® (a textured soy protein) used around the world by manufacturers of human- and pet-food products. Financial terms were not disclosed. Legacy, formerly known as PMS Foods LP, has been owned by an investment group led by Simpson Capital LLC since February, 2002. Legacy’s management team will continue in place, reporting to Wendland. The company employs approximately 80 people, all of whom will become CHS employees.
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