Bunge North America, the North American operating arm of Bunge Ltd., has purchased three elevators from AGRI Industries, Inc. The elevators, located in Meeker’s Landing and McGregor, IA, and Fulton, IL, were operated as part of a joint venture between AGRI Industries and Bunge that was established in 2004.
"We appreciate our relationship with AGRI over the past six years and are proud of the value the joint venture brought to AGRI members and to Bunge," says Bailey Ragan, vice president and general manager, Bunge Grain and U.S. Oilseed Processing. "We are happy to be adding these elevators to Bunge�s global network and look forward to continuing to serve area farmers."
The three elevators have combined storage capacity in excess of 2.5 million bushels. All contracts with producers will be honored by Bunge.
Employees at the facilities will not be affected by the sale.