November 17, 2008
Bunge acquires corn dry milling assets from J.R. Short Milling
Bunge North America, the North American operating arm of Bunge Limited announced that it has purchased the assets that J.R. Short Milling Company used in its traditional corn dry mill operations as well as the assets to operate its specialty product line. The purchase does not include J.R. Short's pellet division. Financial terms of the acquisition have not been released.
"This purchase enables us to balance our operations in a core North American business, corn dry milling, so that we now have two locations in the western half of the US and two in the eastern half," said Todd Bastean, vice president and general manager, Bunge Milling. "This additional plant enables Bunge to better serve our existing customers and reach out to new customers with an expanded line of products."
Bunge expects to keep a majority of the employees currently working at the plant.
The plant in Kankakee, Illinois, becomes Bunge Milling's fourth US location. Other Bunge Milling plants are located in Danville, Illinois, Atchison, Kansas, and Crete, Nebraska.