Zen-Noh Grain Corporation, a subsidiary of the National Federation of Agricultural Cooperative Associations of Japan, reached an agreement to acquire 35 operating U.S. grain origination elevators along the Mississippi River from Bunge North America, Inc., the firm announced Tuesday. Closing on the transaction is subject to regulatory approval. ZGC’s affiliate, CGB Enterprises, Inc., will operate the acquired facilities through its wholly owned subsidiary, Consolidated Grain and Barge Co. CGB currently operates more than 100 grain origination facilities in the U.S. and provides an array of services from buying, storing, selling and shipping crops, to financing and risk management. ZGC trades and exports corn, soybeans, sorghum, wheat, and byproducts from its state-of-the art export elevator located at mile 164 on the Mississippi River in Convent, LA to Japan and other global markets. ZGC also has grain origination interests in Canada and Brazil, and a forage processing business in Pasco, WA.
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