CHS buys Legacy Foods
April 01, 2008
by Jeff Gelski
ST. PAUL, MINN. — CHS Inc. has acquired Legacy Foods, Hutchinson, Kas., and will operate the business as part of its oilseed processing group, St. Paul-based CHS said April 1. Financial terms were not disclosed. Legacy Foods produces Ultra Soy textured soybean-based food products and TSP, which is a textured soy protein used worldwide by manufacturers of human food products and pet food products.
Dennis Wendland, senior vice-president of oilseed processing for CHS, will manage Legacy Foods.
"We’re looking forward to continuing to serve Legacy Foods customers as CHS and to further growing the market for soy protein-based products to add value to our stakeholders," Mr. Wendland said.
An investment group led by Simpson Capital L.L.C. has owned Legacy Foods since 2002. The company employs about 80 people, all of whom will become CHS employees. Michael Considine, the president and chief executive officer of Legacy Foods, will continue daily oversight from his office in Hutchinson, Kas. He will report to Mr. Wendland.
""We’ve purchased soy flour from CHS for many years, and we’ve always been impressed with their intense customer focus and integrity," Mr. Considine said. "As a financially strong, growing company, CHS has the vision and expertise necessary to take this business to the next level, while being good stewards of our products and employees. This is an absolutely perfect fit."