Gavilon Group LLC, the U.S. grain-storage and fertilizer company, whose largest shareholder is hedge-fund firm Ospraie Management LLC, has hired Morgan Stanley to explore strategic alternatives.
“Gavilon has strengthened and firmly established its position as a leading, global commodity company with a robust pipeline of growth opportunities,” a spokesman told Green Markets. “The company has decided to explore a broad range of strategic alternatives that may further its growth and create additional value for our stakeholders.” Strategic alternatives many times means a possible sale.
Gavilon is a spin-off of ConAgra Foods Inc. Another major Gavilon investor includes Orascom Construction Industries of Egypt.