Cargill completes acquisition of Owensboro Grain Company
Cargill announced Jan. 20 it has completed the acquisition of Owensboro Grain Company LLC, a fifth-generation family-owned soybean-processing facility and refinery located in Owensboro, Kentucky.
“Today marks a significant milestone as we welcome Owensboro Grain Company into our Cargill family,” said Leonardo Aguiar, president of Cargill’s North American agricultural supply chain.
“The addition of Owensboro Grain is an essential step on our journey to creating a connected, resilient and modernized grain experience for our customers and the markets we serve,” he added.
The addition of Owensboro Grain Company will enhance Cargill’s efforts to increase capacity across its North American oilseeds network to support growing demand for oilseeds driven by food, feed and renewable fuel markets.
Cargill first announced its intention to acquire Owensboro Grain Company Nov. 28.
Owensboro Grain Company was founded in 1906 as a small grain merchant and today operates a fully integrated soy-processing facility producing soy products, including protein meal and hull pellets for animal feeds, crude and degummed oil, lecithin, various blends of refined vegetable oil for human consumption, biodiesel, glycerin and industrial waxes.