Gavilon Grain to Acquire Elevator in Mount Horeb, Wisconsin

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Omaha, Neb. (Aug. 10, 2010) – Gavilon Grain, LLC today announced it will acquire a 400,000-bushel grain elevator in Mt. Horeb, Wisconsin. Under the terms of the agreement, Gavilon will purchase the southern Wisconsin grain operation from Irv’s Feed and Supply Inc. and continue buying, selling and storing grain. The company will assume all forward purchase and sales contracts.

 

“We are looking forward to serving area producers and building upon the outstanding operation established by Irv and Judy Steinhauer,” said Gene Reibel, senior director of merchandising and operations of Gavilon Grain. “The Mt. Horeb facility will complement our storage and handling capabilities in Dane County at Waunakee.”

 

The grain facility is located at 9920 County Road ID in Mt. Horeb. Larry Kippley, facility manager at Waunakee, will manage the facility following the sale, which is expected to be complete by the end of this month. Kippley can be contacted at (608) 849-7090.

 

About Gavilon Grain, LLC

Gavilon Grain, LLC is a subsidiary of The Gavilon Group, LLC. Gavilon operates the fifth largest grain merchandising operation and is a leading feed ingredient platform in the United States. The company’s grain operations include sourcing, storage, handling and distribution of corn, wheat, soybeans and specialty grains to food manufacturers, livestock producers, poultry processors, soybean processors and ethanol producers. Gavilon utilizes its logistical expertise in truck, rail, container, barge and vessel shipments to serve a global customer base.

 

The Gavilon Group, LLC provides essential commodities and related services in the physical distribution, trading, merchandising and risk management of raw materials and value-added products moving through the global supply chain of grain, feed ingredients, fertilizers and energy products. For more information, please visit www.gavilon.com