The largest farmer-owned grain co-operative in the United States is expanding its footprint in Australia.
CHS Inc., based at St. Paul, Minnesota, announced today that it has acquired a 50 percent share of Broadbent Grain, a grain handling and supply chain management company with grain collection facilities in Queensland and Victoria, Australia.
“Investing in Broadbent Grain will further expand CHS grain origination capabilities in Australia by adding grain storage, handling and logistical expertise, especially as it relates to delivering wheat via shipping containers to customers across the Asia-Pacific region,” said Jon Bucknall, general manager for CHS Australia.
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Broadbent Grain is owned by Stephen and Michael Broadbent.
The company operates grain facilities at Lakaput in the Western District of Victoria and Toowoomba, Southern Queensland.
The partnership with CHS is effective Oct. 1, 2014. The company name and brand will remain Broadbent Grain.
Financial details of the deal were not available.
CHS is a leading global agribusiness owned by farmers, ranchers and co-operatives across the United States.
The company supplies energy, crop nutrients, grain marketing services, animal feed, food and food ingredients, along with business solutions including insurance, financial and risk management services.
It also operates petroleum refineries and pipelines and manufactures Cenex brand refined fuels, lubricants, propane and renewable energy products.
