November 4, 2011
CHS acquires Creston Bean Processing
CHS has acquired Creston Bean Processing, Iowa, from DeBruce Grain, Inc., a wholly owned subsidiary of Gavilon.
Gavilon will act as a purchasing agent for area producers, and will continue to source the more than nine million bushels of soy the CHS plant crushes annually from growers and cooperatives in 10 south-western Iowa counties. Soy sales for delivery to the CHS Creston plant will be eligible for patronage and will help meet growing protein demand. The crude soy oil from Creston will be shipped to the CHS Mankato, Minnesota, US, soy refinery, where it will be further processed for human consumption.
"Soy grown in southern Iowa provide a higher protein component, desired by many of our domestic and international customers," said Tom Malecha, CHS vice-president of protein sales, Mankato.
The acquisition is part of the company's ongoing growth and expansion plans.
"Increasing our profile in food and food ingredient markets is one of the company's strategic aspirations," Malecha said. The Creston plant and its 32 employees will become part of CHS Oilseed Processing within the company's Ag Business division.