Bunge acquires corn milling assets from J.R. Short
November 17, 2008
by FoodBusinessNews.net Staff
KANKAKEE, ILL. — Bunge North America has finalized its purchase of the assets of the Corn Division of the J.R. Short Milling Company.
"This purchase enables us to balance our operations in a core North American business — corn dry milling — so that we now have two locations in the western half of the U.S. and two in the eastern half," said Todd Bastean, vice president and general manager, Bunge Milling. "This additional plant enables Bunge to better serve our existing customers and reach out to new customers with an expanded line of products."
The agreement transfers ownership of the dry corn milling and specialty processing operations of J.R. Short that are in Kankakee.
"We are excited to be able to consolidate our efforts and aggressively pursue the growth opportunities we have defined in extrusion," said Jon Luikart, president and chief executive officer of J.R. Short. "Our unique product development skills and production capacity for pellets are the foundation to build extraordinary growth."