ST. LOUIS, MISSOURI, US — White River Soy Processing, LLC has acquired the Creston, Iowa, US-based soy processing plant of Benson Hill, Inc., for $72 million. The facility employs 55 and is equipped to produce soy meal and oil, as well as food grade soy white flake, flour and grits, Benson Hill said.
The Creston plant is the second facility White River has acquired from Benson Hill in the past four months. At the end of October 2023, White River bought Benson Hill’s soybean processing plant in Seymour, Indiana, US, for about $36 million.
“This divestiture supports our strategic plan to reshape our organization and transition to an asset-light business model with an expanded focus on animal feed markets,” said Deanie Elsner, chief executive officer of Benson Hill. “More importantly, exiting our ownership and operation of soy processing assets strengthens our balance sheet with lower capital and operating expenditures, while allowing us to thoughtfully allocate resources to leverage our core competencies as a technology-enabled, seed innovation company.
“We know WRSP leadership well and have confidence that they will operate the facility with the highest industry standards and a customer-centric approach. We sincerely appreciate the hard work of the Creston employees as they increased throughput at the facility to unprecedented levels. We thank them for their contributions to Benson Hill.”
