St. Paul / MN. (chs) CHS Inc., North America’s leading farmer-owned cooperative and a global energy, grains and foods company, announced it has acquired Northstar Agri Industries canola processing and refining plant near Hallock, Minnesota, from PICO Northstar Hallock LLC, a majority-owned subsidiary of PICO Holdings Inc. The Hallock canola plant processes more than 400’000 tons of canola seed annually into canola oil and canola meal.
«Acquisition of Northstar Agri Industries adds value to CHS owners across the enterprise from inputs to value-added processing ingredients to the marketplace». said Tom Malecha, CHS vice president, Processing and Food Ingredients. «Specifically, the acquisition expands our oilseed processing platform to include canola in addition to soybeans, adds to CHS presence in Canada, expands CHS oil product offerings to global food companies, and links growers purchasing canola seed from CHS-owned retail outlets to an integrated supply chain».
Neil Juhnke, president, Northstar Agri Industries, said CHS was a good fit because it is a financially strong, farmer-owned cooperative with Minnesota roots that is committed to growth and profitability. «The new ownership structure adds security and many value-added opportunities for canola growers in our region». said Juhnke. The Hallock facility will be rebranded as CHS and the 57 employees at the Hallock plant will become CHS employees (Image Source: «Maschinelle Maisernte mit einem John-Deere-Mähdrescher» (Title) / Spedona (Author) / Ile de France (FR) 2008).
OTHER TOPICS FROM THIS SECTION FOR YOU:
- Nigeria: Flour Mills and Bühler open center for local grains
- CHS and Grand Farm collaborate to answer important questions
- Lantmännen: announces large-scale fossil-free food production
- Bunge Global SA: sells its stake in JV in Brazil to BP
- Lantmännen Cerealia: Climate targets now SBTi validated
- Puratos: opens new «Sourdough Institute» in Belgium
- Sweet proteins: Grupo Bimbo uses Oobli’s sugar alternative
- Brenntag: wins »Best Ingredient Innovation Award«
- Paulig Group: invests in agtech startup OlsAro
- Bunge Chevron: to Build New Oilseed Processing Plant
- Bunge Limited: Unveils Cocoa Butter Equivalent
- Sucro: Plans New Cane Sugar Refinery in Chicago
- Paulig aims to reduce climate impact of its wheat by 35%
- Cargill: the first global edible oil producer to meet WHO standard
- Chipotle: Invests In Agricultural Robots And Climate-Smart Fertilizer
- Paulig: Side streams of coffee production turn into textile dyes
- Sweden: Harvest 2023 among the worst in 30 years
- Starbucks Company: to open learning and innovation lab
- Decisive step forwards: Bel Group makes milk low-methane
- Smart colour blends for plant-based meat and seafood