All Posts from March 16, 2017

CHS acquires Western Co-op Transport Association

St. Paul-based CHS Inc. announced on March 16 that it has purchased Western Co-op Transport Assoc., a business based in Montevideo, Minn., that specializes in the transportation of bulk liquid products, including liquid fertilizer, ethanol, propane, and petroleum.

“This acquisition strengthens our position in core markets and will allow us to expand our transportation and logistics services to create additional value for our owners and customers,” said Patrick Hessini, CHS vice president, transportation and distribution.

Dispatch and routing operations for the business will now move to the CHS dispatch office in Rosemount, Minn. The Montevideo facility will remain in operation as a CHS-owned fleet service center. CHS said it will begin serving customer accounts immediately. The markets served by Western Co-op include Minnesota, Iowa, Wisconsin, and the Dakotas.

Intrepid gives more details on offer

Intrepid Potash Inc. reports that in its previously announced underwritten public offer, it hopes to sell up to 50.07 million shares, bringing in about $60.1 million.

K+S earnings off 70 percent

K+S Group reported 2016 operating earnings (EBIT 1) of € 229 million down from 2015’s € 782 million. The company expects tangible improvement in 2017, citing improved production in Germany and new production at the Legacy mine in Saskatchewan starting in the second quarter.