Growmark reduces stake in Mexican feed company

Bloomington, Ill.-Growmark Inc. is reducing its stake in maltaCleyton, a Mexican feed company. Growmark has owned as much as 50 percent of maltaCleyton since 1996 through a wholly-owned subsidiary and will retain 10 percent ownership interest in the business. The management staff of maltaCleyton will retain 20 percent of the ownership. Evialis, St. Nolff, France, has agreed to purchase 70 percent of maltaCleyton. “The GROWMARK System of agricultural cooperatives has had a very positive and productive business venture with maltaCleyton for 12 years,” said Bill Davisson, Growmark CEO. “We look forward to continuing our investment in this well-run organization, but are pleased to welcome Evialis’ involvement as the primary investor.”