Key Developments: CHS Inc (CHSCP.O)
12 Dec 2013
Latest Key Developments (Source: Significant Developments)
CHS Inc announced CHS has acquired 51% of CZL Ltd., a joint venture company that will supply commodities, primarily wheat and barley, to Japan. The joint venture will be managed from the CZL office in Tokyo. Financial terms were not mentioned. Full Article
CHS Inc. and Consumers Supply Distributing Co announced that they will form a livestock and pet food manufacturing and wholesale distribution company. The new entity will be called Consumers Supply Distributing, LLC, and will be based at Sioux City, Iowa. It will offer the CHS Payback livestock and Equis horse feed brands, along with the broad range of livestock and companion animal products carried by Consumers Supply Distributing, including its Running Horse brand equine feed and Ranchers Choice and Country Vet brand pet foods and treats. CHS Nutrition, which will remain separate from the newly formed entity, will pay cash for its 50% ownership of the LLC. Consumers Supply Distributing will contribute its assets at its two Iowa locations. The LLC will have a six-person board of directors, with three representatives from each of the owners. Patee will serve as the new limited liability company's manager. Full Article
CHS Inc announced it completed acquisition of Solbar, a company in specialty soy proteins and soy isoflavones. Solbar provides soy protein ingredients to manufacturers in the meat, vegetarian, beverage, bars and crisps, confectionary, bakery, and pharmaceutical manufacturing markets. Solbar corporate offices are in Ashdod, Israel, with manufacturing and logistics facilities in Ashdod and Ashkelon, Israel; South Sioux City, Nebraska; and Ningbo, China; and a sales office in Oakdale, Minn. CHS announced its intent to acquire Solbar on November 23, 2011. The transaction was completed February 9, 2012. Full Article
Oct 3 - Members of North Dakota-based Dakota Plains Cooperative approved a merger with top U.S. farmer cooperative CHS Inc effective Jan. 1, pending approval by the CHS board, the companies said in a statement on Thursday.