Jimmy Sanders acquires Mayfield Grain assets
Pinnacle Agriculture Holdings LLC, through its subsidiary Jimmy Sanders Inc., has acquired the seed, fertilizer, and crop protection assets of Mayfield Grain Company Inc. in Mayfield, Ky. Sanders said the acquisition will enhance its retail presence in the western Kentucky market, and increases its Kentucky footprint to eight full service retail locations and one dedicated wholesale facility.
“We are very excited about the recent acquisition. Mayfield Grain is a long-established, respected business with similar company values and goals of grower success,” said Chris Drummond, Sanders Bluegrass Division business director. “Here at Sanders, we are also committed to innovation and delivering new solutions to our farmers. So, we are confident that the community Mayfield Grain has served so well will experience a seamless transition and continue to receive exceptional service.”
Mayfield Grain was founded in1986 as a grain storage facility, but expanded over the years to become a full-service agricultural dealer offering seed, fertilizer, crop protection products, and select precision agriculture services.
Sanders Mayfield will be managed by David Guthrie and will be located at 521 South 16th Street in Mayfield. The grain elevator and grain marketing enterprise assets will remain part of Mayfield Grain, and will continue operating at the 622 Allen Street address in Mayfield, and also at 2559 Ste. Rte. 94 West in Wingo, Ky.
“I am very pleased to welcome Mayfield Grain into the Pinnacle family,” said Barry Knight, chief compliance officer at Pinnacle. “Mayfield Grain has been successfully serving western Kentucky growers for over two decades. Under the Sanders umbrella, we look forward to continuing this tradition. We are committed to focusing on the growers’ success as we do across the Sanders organization.”
Established in 1953, Jimmy Sanders is headquartered in Cleveland, Miss., and currently serves Mid-South growers through 108 locations in 10 states. The company formed a strategic partnership in 2012 with Pinnacle Agriculture Holdings to pursue the development of a national agricultural input distribution network (GM Sept. 17, 2012).
Pinnacle was established in 2012 by Apollo Global Management LLC, the investment firm that formed UAP Holding Corp. after purchasing United Agri Products North America from ConAgra Foods Inc. in 2003 (GM Nov. 3, 2003). Apollo subsequently sold UAP Holding Corp to Agrium Inc. in 2007 (GM Dec. 10, 2007).