Columbia Grain acquires elevators from AGP Grain
August 05, 2008
by Josh Sosland
PORTLAND, ORE. — Columbia Grain Inc. has purchased eight grain elevators and the related agronomy business from Ag Processing Inc.
Assets acquired include an export facility in Duluth, Minn., two 110 car shuttle loading facilities on the Burlington Northern Santa Fe Railway, five country elevators and two farm supply locations.
"We have worked with AGP for many years to originate grain from the Upper Midwest," said Tom Hammond, president and chief executive officer of Columbia Grain. "This purchase significantly increases our supplies in the North Dakota Red River Valley and will allow us to increase our diversity of grain products that we can offer to our domestic and export customers. We look forward to working with producers in North Dakota who grow and supply high quality grain for our customers around the world."
With the acquisition, Columbia Grain will own and operate 46 grain elevators with a combined storage capacity of 1.1 million tonnes (43 million bus). Many of the facilities feed the company’s export elevator in Portland while others service domestic markets.