February 10, 2014
CHS acquires Terral RiverService, Inc.
CHS Inc. has acquired the fertiliser business and related fertiliser assets of river transportation service company Terral RiverService, Lake Providence, Louisiana.
Terral RiverService specialises in the bulk storage and handling of dry and liquid materials along the Mississippi River system, the Gulf Intracoastal Waterway and inland waterways of Louisiana and southern Arkansas. CHS, the leading wholesale distributor of crop nutrients to locally-owned cooperatives and independent farm supply retailers across the United States, will integrate nine Terral RiverService locations, including eight river terminals, into its existing crop nutrients business.
"This acquisition aligns with CHS growth plans for strategic business and infrastructure expansion into the lower Mississippi River region," said Cheryl Schmura, CHS vice president, crop nutrients. "CHS will serve agricultural supply dealers throughout the region with a full range of dry and liquid N-P-K and specialty fertilisers, backed by global fertiliser supply and logistics expertise."
"CHS was the right fit as we considered companies that could take this part of our business to the next level," said Tom Gattle, Terral RiverService co-founder, president and chief executive officer.
Terral RiverService will retain ownership of its port and marine operations, aggregates and cottonseed businesses.
CHS Inc. is a leading global agribusiness owned by farmers, ranchers and cooperatives across the US and diversified in energy, grains and foods.