October 20, 2012
CHS buys Tomen Grain facility at Illinois
CHS Inc. announced Wednesday (Oct.17) that it has acquired the Tomen Grain facility at Pekin, Illinois, from Tomen Grain Company, a majority-owned subsidiary of Toyota Tsusho America, Inc. (TAI).
"CHS is actively expanding its grain origination base along key, inland river markets," said Rick Dusek, CHS vice president, grain marketing-North America. "The Tomen grain handling and barge loading facility on the Illinois River provides additional origination to help supply our Myrtle Grove, La., grain export terminal to meet growing customer demand."
CHS markets more than two billion bushels of grain annually to customers in 60 countries. Dusek said CHS will buy corn and soy from local grain elevators and farmers as well as provide by-product elevation services. The Pekin facility provides truck to barge loading and storage capacity of more than 150,000 bushels.
CHS Inc. is a leading global agribusiness owned by farmers, ranchers and cooperatives across the US. Diversified in energy, grains and foods, it is committed to helping its customers, farmer-owners and other stakeholders grow their businesses through its domestic and global operations.
Toyota Tsusho America, Inc. is a wholly owned subsidiary of Toyota Tsusho Corporation, which was founded as a trading and supply-chain specialist of the Toyota Group. TAI has been operating in North America since 1961. Over the past four decades, it has evolved from a trader in a limited number of commodities and finished goods to a multi-business enterprise.