Consolidated Grain and Barge Co. Acquires Four Elevators from The Scoular Company
Mandeville, LA - Consolidated Grain and Barge Co. (“CGB”), a leader in the grain and transportation industries since 1970, is pleased to announce the acquisition of four facilities located in the heart of the Mississippi Delta from The Scoular Company of Omaha, NE. Consolidated Grain and Barge Co. is a wholly owned subsidiary of CGB Enterprises, Inc.
These facilities are a natural extension of CGB’s existing grain origination network further in the deep south. The acquisition includes three river terminals with six million bushels of grain storage capacity.
“CGB is excited to further expand its grain origination network in the Mississippi Delta, and we look forward to operating these assets in conjunction with our other regional facilities,” said Greg Beck, Senior Vice President, Grain Division. “CGB prides itself on providing a high level of customer service, and we will diligently serve this extended customer base through keen attention to detail, paired with expertly developed risk management tools.”
Scoular’s CEO Paul Maass said, “We are pleased that CGB will be continuing the high level of service that our customers have come to expect,” and further noted that the two companies would be working closely to ensure a smooth transition.
Maass added that the company’s decision to exit its Delta operations was the result of Scoular’s strategic review. “We continually review our businesses to ensure that they are well-positioned to meet our customers’ needs and that they align with our company’s long-term strategic goals. Although we’ve determined that these facilities are better positioned with CGB’s network, we greatly appreciate the contributions of our Delta employees and wish them success.”
The terminals acquired by CGB are located in Helena, AR; Old Town, AR; and Friars Point, MS. Terms of the transaction were not announced.
About CGB Enterprises, Inc.
CGB Enterprises, Inc., headquartered in Mandeville, LA, is the holding company for the diversified businesses that comprise the CGB family, with over 2,500 employees and operations in 40 states. In addition to the 97 grain facilities CGB operates, the company has dedicated operations in logistics and transportation (CTLC), fertilizer, crop insurance (Diversified Services), agri-finance, soybean processing, producer risk management, and other related businesses. For more information on CGB Enterprises, Inc. and its family of businesses, please visit us at www.cgb.com.
About The Scoular Company
A 125-year old employee-owned company with more than $4 billion in sales, Scoular is committed to creating safe and reliable supply chain solutions for feed and food customers around the world. From 120 strategic offices, grain elevators, and processing facilities in North America, South America, and Asia, our 1000+ employees are engaged in the business of buying, selling, storing, handling, and processing grain and ingredients as well as managing transportation and logistics worldwide. For more information about The Scoular Company, please visit www.scoular.com.