ST. PAUL, MINNESOTA, U.S. — CHS Inc. announced on Sept. 18 that it has acquired a 50% share of Broadbent Grain, an agricultural supply chain management company located at Queensland and Victoria, Australia.
"Investing in Broadbent Grain will further expand CHS grain origination capabilities in Australia by adding grain storage, handling and logistical expertise, especially as it relates to delivering wheat via shipping containers to customers across the Asia-Pacific region," said Jon Bucknall, CHS Australia, general manager.
Broadbent Grain is owned by Stephen and Michael Broadbent.
"Broadbent Grain is a third-generation business that prides itself on its traditions, culture, and values. We have found a unique and common alignment with CHS, a company with similar priorities and vision," said Stephen Broadbent, owner and director. "This partnership, which brings global connections to our business, will allow us to further invest in related supply chain assets in Australia."
The partnership is effective Oct. 1. The company name and brand will remain Broadbent Grain.
Broadbent Grain (www.broadbentgrain.com.au) operates grain facilities at Lakaput in the Western District of Victoria and in Toowoomba, Southern Queensland. Established in the 1950s, Broadbent Grain is widely recognized as market leaders in providing reliable, dependable, customer-focused service.