Create a free Feed & Grain account to continue reading

Cargill completes acquisition of Owensboro Grain

Addition of Kentucky soy processor will help increase Cargill's capacity across its North American oilseeds network.

2 Lisa Selfie December 2020 Headshot
Photo courtesy of Cargill
Photo courtesy of Cargill

Cargill has completed the acquisition of Owensboro Grain Co., a fifth-generation, family-owned soybean processing facility and refinery located in Owensboro, Kentucky.

“Today marks a significant milestone as we weclome Owensboro Grain Company into our Cargill family,” said Leonardo Aguiar, president of Cargill’s North American agricultural supply chain.

“The addition of Owensboro Grain is an essential step on our journey to creating a connected, resilient and modernized grain experience for our customers and the markets we serve.”

Cargill says the addition of Owensboro Grain Company will enhance Cargill’s efforts to increase capacity across its North American oilseeds network to support growing demand for oilseeds driven by food, feed and renewable fuel markets.

New chapter for Owensboro Grain Co.

“We are excited for this new chapter in the life of Owensboro Grain Co. and believe an acquisition by Cargill will ensure the long-term success of the company,” said Helen Cornell, president and CEO of the family-owned soy processor.

Cornell said Cargill has the ability to capitalize on growing opportunities in the industry, such as renewable energy.

"The acquisition will ensure that Owensboro Grain Co., its employees, farmers, customers and the community are best positioned for the future," said Cornell. "We are excited to transfer ownership to another multi-generational family held enterprise with global access to markets and capabilities to ensure the future growth of our business. Cargill has the global resources necessary to support Owensboro Grain Company's growth goals and operations.”

Page 1 of 354
Next Page