CHS Acquires Winona River & Rail
ST. PAUL, Minn., Jan. 27 /PRNewswire-FirstCall/ -- CHS Inc., a leading energy and grain-based foods company, has completed its acquisition of Winona River & Rail, Inc., a subsidiary of Rosen's Diversified, Inc., Fairmont, Minn. The acquisition will strengthen the company's Midwest and upper Mississippi River crop nutrients position through improved storage capacity and rail access.
The Winona River & Rail assets include roughly 90,000 tons of dry fertilizer storage capacity, a dedicated river dock, and a 65-car railroad track capacity. The facility will be re-identified as CHS Winona River & Rail.
"We are very excited about adding Winona River & Rail to our crop nutrients business," says Cheryl Schmura, vice president, crop nutrients for CHS. "These assets are well-positioned in an area of key, strategic market importance and the company's talented workforce has a strong customer focus that has earned it solid business relationships."
Financial terms were not disclosed. There are 16 employees at the CHS west end Winona crop nutrients river terminal. Winona River & Rail is located on the river's east side, with 14 employees. Schmura says CHS will operate both locations with existing staff through the spring planting season and is considering several different future operational scenarios. Location management will not change and will report to David Klima, director of crop nutrients facilities for CHS.
Schmura says the Winona River & Rail acquisition is one of many planned infrastructure improvements to better serve CHS wholesale crop nutrients customers.
CHS Inc. (http://www.chsinc.com) is a diversified energy, grains and foods company committed to providing the essential resources that enrich lives around the world. A Fortune 200 company, CHS is owned by farmers, ranchers, and cooperatives, along with thousands of preferred stockholders across the United States. CHS supplies energy, crop nutrients, grain, livestock feed, food and food ingredients, along with business solutions including insurance, financial and risk management services. The company operates petroleum refineries/pipelines and manufactures, markets and distributes Cenex® brand fuels, propane, lubricants and renewable energy products. CHS is listed on the NASDAQ at CHSCP.
SOURCE: CHS Inc.
Web site: http://www.chsinc.com//