Cargill acquires animal feed business
Under the agreement, Cargill has acquired the assets of Southern States Cooperative’s animal feed business, including seven feed mills and its portfolio of products, brands and customer and supplier relationships. The other segments of Southern States Cooperative’s business – retail, farm supply, energy, and agronomy – are not part of the transaction.
“The combination of CFN U.S. and Southern States Cooperative’s animal feed business will help us grow with customers and best meet their ever-changing needs,” said Mark Lueking, U.S. managing director, Cargill Feed and Nutrition. “We are excited about this growth opportunity to further demonstrate our commitment to the U.S. animal feed industry.”
In addition to the acquisition, Cargill has completed a long-term supply agreement with Southern States for Cargill to supply its retail stores with Southern States branded feed.
"We believe that our combined business will provide unique benefits to our members and customers," said Jeff Stroburg, President and CEO of Southern States Cooperative, Inc. "We've brought together two best-in-class feed companies to develop solutions to meet their needs. We look forward to growing the Southern States feed business with Cargill as our partner."
Photo Source: Franzfoto / Wikimedia Commons
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