Cargill has reached an agreement to acquire the animal feed business of Southern States Cooperative. Withholding terms of the deal, Cargill released a statement last week saying it expects the transaction to close within 90 days. Cargill says the transaction will better serve its customers in the United States and is part of the company’s Feed and Nutrition’s growth strategy. Under the agreement, Cargill will purchase the assets of Southern States Cooperative’s animal feed business, including seven feed mills and a 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.
From the National Association of Farm Broadcasting News Service.