Covington, LA – Zen-Noh Grain Corporation (ZGC) has closed on its acquisition of approved assets from Bunge, according to a news release from Zen-Noh.
Originally announced in spring of 2020, the initial agreement between ZGC and Bunge included 35 operating assets.
To help secure regulatory approval, certain Bunge assets and Consolidated Grain and Barge Co., ZGC’s affiliate, assets were selected for divestiture and sold to Viserion Grain, LLC.
The facilities ultimately required by the Department of Justice to be divested were adjusted slightly from the list published this past spring.
Subscribe here for Grain E-News delivered to your inbox every Thursday. 📧
The Bunge assets divested include Shawneetown, IL; Huffman, AR; Osceola, AR (Riverside and Landside); Helena, AR; Lake Providence, LA; Caruthersville, MO; McGregor, IA; and Lettsworth, LA. The divested Consolidated Grain and Barge Co. asset is its Savanna, IL facility.
“This is an exciting day for the team," said said Greg Beck, Senior Vice President, CGB Enterprises, Inc."
Our commitment to agriculture began over 50 years ago, and we’ve grown into a diverse, inclusive, innovative organization committed to connecting farmers with domestic and international opportunities for their production.
"We are eager to welcome our new employees and to serve producers and community members in these new and expanded markets."
Related Articles:
Grain Talk Podcast: Maljohn Plastics Company Owner Malcolm Johnson a Believer in Community Spirit