CHS acquires Creston Bean Processing
Nov. 2, 2011
by Keith Nunes
CRESTON, IOWA — CHS Inc., St. Paul, Minn., has acquired Creston Bean Processing, a soybean processor, from DeBruce Grain, Inc., a subsidiary of Gavilon, L.L.C. Terms of the agreement were not released.
Gavilon will act as a purchasing agent for area producers and will continue to source the soybeans that are crushed at the Creston facility. The crude soybean oil from Creston will be shipped to a CHS facility in Mankato, Minn., for further processing.
“Soybeans grown in southern Iowa provide a higher protein component, desired by many of our domestic and international customers,” said Tom Malecha, vice-president of protein sales for CHS.