CHS acquires Tomen Grain facility in Illinois
CHS Inc. has announced that it has acquired the Tomen Grain facility at Pekin, Ill., from Tomen Grain Company, a majority-owned subsidiary of Toyota Tsusho America Inc (TAI). The Pekin facility provides truck-to-barge loading and storage capacity of more than 150,000 bushels.
“CHS is actively expanding its grain origination base along key inland river markets,” said Rick Dusek, CHS vice president, grain marketing-North America. “The Tomen grain handling and barge loading facility on the Illinois River provides additional origination to help supply our Myrtle Grove, La., grain export terminal to meet growing customer demand.”
Dusek said CHS will buy corn and soybeans from local grain elevators and farmers as well as provide by-product elevation services. CHS markets more than 2 billion bushels of grain annually to customers in 60 countries.
TAI is a wholly owned subsidiary of Toyota Tsusho Corporation, which was founded as a trading and supply-chain specialist of the Toyota Group. TAI has been operating in North America since 1961. Over the past four decades, it has evolved from a trader in a limited number of commodities and finished goods to a multi-business enterprise.