Feb. 03--ENID, Ok -- The oldest and largest privately owned grain company in the state, W.B. Johnston Grain, is going to be sold to a Louisiana company.
W.B. Johnston Grain entered into a letter of intent to sell its grain company and related business to CGB Enterprises Inc., a grain and transport business based in Covington, La.
The transactions is expected to close within 35 to 40 days, according to a press release from the companies. Terms of the transaction were not disclosed.
"We are looking forward to being a part of the CGB team," WBJ CEO Butch Meibergen said. "WBJ prides itself in providing producers with services they need, and we look forward to offering even more resources in...
WINNIPEG, Manitoba - February 3, 2014 - Ag Growth International Inc. ("AGI") has entered into an agreement to acquire the REM GrainVac product line from REM Enterprises Inc. based in Swift Current, Saskatchewan.
REM has led the grain vacuum industry over the last 40 years and with the recent introduction of the VRX model grain vac REM is well positioned for continued leadership in this area. The REM GrainVac will be manufactured in AGI's recently acquired 114,000 square foot manufacturing facility in Swift Current, SK, along with the Batco belt conveyor product line. Sales and manufacturing will transition to AGI immediately with no planned interruption in business.