Posts By Date - Green Markets

Wheat Growers Buy Gavilon Facility

January 2, 2018Breaking Industry News, Northern PlainsSteve Seay

South Dakota Wheat Growers, Aberdeen, S.D., announced Jan. 2 that it has purchased the 40,000 st dry fertilizer plant in Kimball, S.D., that had been owned by Gavilon Fertilizer LLC.

With this purchase, the Kimball plant will become the largest capacity dry fertilizer plant in the Wheat Growers cooperative. Wheat Growers currently has six hub fertilizer plants located in Bath, Huron, Kennebec, McLaughlin, Oakes and Wolsey, with the largest being Wolsey with 31,200 st of dry fertilizer storage.

The Kimball plant includes access to a 110-car unit loop-track, plus high-speed automated fertilizer loadout and storage capabilities.

“The Kimball fertilizer plant has three times the storage capacity as our newest plant in Kennebec,” Chief Operating Officer John Husk said. “With this added storage volume and efficient loading capabilities, we can provide our customers seamless delivery of cost-effective product for their operations.”

Gavilon Grain LLC, which is based in Omaha, Neb., will continue to own and operate the adjacent 2.2-million-bushel grain elevator.

PotashCorp, Agrium Merger Complete

January 2, 2018Breaking Industry NewsSteve Seay

Nutrien Ltd. on Jan. 2 announced the successful completion of the merger of equals between Agrium Inc. and Potash Corp. of Saskatchewan Inc. Nutrien has the largest crop nutrient production portfolio combined with a global retail distribution network that includes more than 1,500 farm retail centers. The company has nearly 20,000 employees – and operations and investments in 14 countries.

Mosaic, Vale Modify Agreement

January 2, 2018Breaking Industry NewsSteve Seay

The Mosaic Co. on Jan. 2 announced modifications to the definitive agreement with Vale SA, including reduced consideration for the acquisition of Vale Fertilizantes. The changes include: a reduction in the purchase price consideration to $1.15 billion in cash and 34.2 million shares of The Mosaic Co. common stock; Vale will retain equity ownership in the TIPLAM port and Mosaic will continue to have the right to use the TIPLAM port facility in accordance with commercial arrangements entered into between the parties.

“Our conviction in the long-term outlook for the business and the promise of Brazil has not changed,” said Joc O’Rourke, president and CEO. “We look forward to completing the transaction and working to realize the exceptional opportunity this acquisition presents.”

The transaction is expected to close on or about Jan. 8, 2018.

Initially, Mosaic Co. agreed to buy Vale SA’s fertilizer unit for $2.5 billion in cash and stock.

Disclaimer of Warranty
All information has been obtained by Green Markets from sources believed to be reliable. However, because of the possibility of human or mechanical error by our sources, Green Markets or others, Green Markets does not guarantee the accuracy, adequacy, or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information.

For additional details visit our Terms of Use.