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Arkansas grain elevators sold in deal


Arkansas grain elevators sold in deal
by
The Arkansas Democrat-Gazette
|
Today at 1:46 a.m.
Viserion Grain LLC said Friday that it has closed on its purchase of grain elevators in five states, including Arkansas, from Zen-Noah Grain Corp.
The transaction, first announced last year, was contingent on the completion of Zen-Noah s acquisition of multiple grain elevators from Bunge Corp. Terms of the sale were not disclosed.
Zen-Noah identified in April the Bunge operations in Arkansas now being sold to Viserion as being at Huffman, just east of Blytheville; Riverside and Landside elevators in Osceola; and Helena-West Helena.
Other elevators in Shawneetown, Ill., Lake Providence, La., McGregor, Iowa, Lettsworth, La., Caruthersville, Mo., Cottonwood Point, Mo., and Savanna, Ill., also are involved in the sale. Consolidated Barge & Grain, a Zen-Noah affiliate, operated three of the grain elevators. Viserion reported the elevators have a storage capacity o ....

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Pinnacle Asset Management-Backed Viserion Grain To Acquire 11 Grain Elevator Facilities From Zen-Noh Grain Corporation


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BOULDER, Colo., April 1, 2021 /PRNewswire/  Viserion Grain, LLC ( Viserion ), a newly formed subsidiary of Viserion International Holdco, LLC backed by Pinnacle Asset Management, L.P. ( Pinnacle ), today announced that it has entered into a definitive agreement to acquire 11 grain elevator facilities from Zen-Noh Grain Corporation ( ZGC ). ZGC is divesting the facilities in conjunction with its proposed acquisition of multiple grain elevators from Bunge.
Located across five states along the Mississippi and Ohio Rivers, the grain elevators have a total storage capacity of approximately 25MBu and are well-positioned to provide competitive services for farmers and grain dealers. The facilities being acquired by Viserion are located in Huffman, Arkansas; Osceola, Arkansas (Riverside and Landside); Helena, Arkansas; McGregor, Iowa; Savanna, Illinois; Shawneetown, Illinois; Lake Providence, Louisiana; Lettsworth, Louisiana; Caruthersvi ....

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