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Zen-Noh Grain Acquires 35 Bunge Grain Elevators

Deal includes several operating U.S. grain origination elevators along Mississippi River

Zen-Noh Grain Corp. (ZGC), a subsidiary of the National Federation of Agricultural Cooperative Associations of Japan (Zen-Noh), has reached an agreement to acquire 35 operating U.S. grain origination elevators along the Mississippi River from Bunge North America, Inc. (BNA), a subsidiary of Bunge Ltd., St Louis, MO. Closing on the transaction is subject to regulatory approval.

Zgc LogoZGC’s affiliate, CGB Enterprises, Inc. (CGB) Covington, LA, will operate the acquired facilities through its wholly owned subsidiary, Consolidated Grain and Barge Co.

CGB currently operates more than 100 grain origination facilities in the U.S. CGB serves a vital role as a direct connection to the U.S. farmer by providing an array of services from buying, storing, selling and shipping crops, to financing and risk management.

ZGC recently expanded its Convent, LA export elevator’s annual capacity. This acquisition contributes to ZGC’s ability to adequately source a stable supply of grains, oilseeds, and feed ingredients for Japan and other destinations by strengthening its origination across a broader footprint in the U.S.

Rabo Securities USA, Inc. and The Norinchukin Bank have acted as financial advisors, and Baker McKenzie has acted as legal advisor, to ZGC in this transaction.

About Zen-Noh Grain Corp.
Zen-Noh Grain Corp. is the US Subsidiary of the National Federation of Agricultural Cooperative Associations of Japan, Zen-Noh. ZGC trades and exports corn, soybeans, sorghum, wheat, and byproducts from its state-of-theart export Elevator located at mile 164 on the Mississippi River in Convent, LA to Japan and other global markets. ZGC also has grain origination interests in Canada and Brazil, and a forage processing business in Pasco, WA. To learn more, visit zgcusa.com.

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