Viterra to acquire grain and ingredients business of Gavilon
Thursday, January 27, 2022
Viterra plans to acquire the grain and ingredients business of Gavilon Agriculture Investment, Inc. (Gavilon), part of Marubeni Corporation. The agreed purchase price for the acquisition of Gavilon is USD 1.125 billion, plus working capital, and is subject to certain customary purchase price adjustments.
Gavilon is based in Omaha, Nebraska, USA and originates, stores and distributes grains, oilseeds, as well as feed and food ingredients, to food manufacturers, livestock producers, poultry processors, soybean processors and ethanol producers worldwide.
Gavilon’s leading asset network is located in key growing areas across the United States, with access to major railroads, rivers and ports. It also has international operations in Mexico, South America, Europe and Asia, along with an indirect minority ownership interest in two port terminals located in Kalama, Washington and Portland, Oregon.
“The addition of Gavilon supports our long-term strategy of significantly increasing our presence in the United States, one of the major producing and exporting regions, which will further strengthen our global network,” said David Mattiske, CEO of Viterra Limited. “The combination of the Gavilon and Viterra origination businesses will enable us to provide more value and flexibility to our customers. We will be able to rapidly enhance our sustainable supply chains, provide higher levels of quality control and reliability while creating exciting opportunities for our customers and employees.”
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