"Expanding our agribusiness operations to further diversify our revenues and cash flows remains a priority for us in 2011," said Todd Becker, president and chief executive officer. "The close proximity to our ethanol production and grain facilities in southwest Iowa makes this elevator a solid fit within our business platform. Combining this acquisition with our existing storage capacity and the announced expansion of our Tennessee grain assets, we will have 35 million bushels of grain storage capacity within our agribusiness segment by this fall's harvest. We continue to look for additional acquisition opportunities to grow our agribusiness segment."
|Sign up for our free newsletters
From daily reports on breaking news to weekly updates, World Grain has the grain, flour and feed industries covered.