OMAHA, NEBRASKA, U.S. — Heartland Co-op has finalized the acquisition of the Texas and New Mexico grain and processed corn business of AGP Grain Marketing LLC, a subsidiary of Ag Processing Inc (AGP). Financial terms of the transaction were not disclosed.
“The Texas and New Mexico locations have been a part of AGP’s grain operations since 2002,” said Keith Spackler, chief executive officer of AGP. “We are pleased to see the facilities remain in the cooperative system and are confident that Heartland will continue to provide high-quality feed and value-added service for dairy, livestock and grain customers in the region.”
Heartland Co-op was formed in 1987 with a merger of three cooperatives and has expanded into 71 locations providing products and services to over 5,800 members.
AGP is an agribusiness with primary operations as a U.S. soybean processor/refiner producing and marketing soybean meal, refined soybean oil and biodiesel. AGP businesses also include agricultural product trading in domestic and international markets and numerous U.S. grain elevator operations. AGP is owned by local and regional cooperatives representing farmer-producers across the United States.