USA, Minneapolis, Minnesota. Cargill has reached an agreement to acquire the animal feed business of Richmond, Va.,-based Southern States Cooperative, Inc., a move that will help the company better serve its customers in the eastern United States. The transaction is expected to close within 90 days, subject to customary approvals. Terms of the deal were not disclosed.
This acquisition is an important part of Cargill Feed and Nutrition’s growth strategy and its commitment to the U.S. animal feed industry, strengthening its distribution, and go-to-market capabilities in the important Southeast, Mid-Atlantic and Northeast regions of the U.S.
Under the agreement, Cargill will purchase the assets of Southern States Cooperative’s animal feed business, including seven feed mills and an important portfolio of products, brands and customer and supplier relationships. The other segments of Southern States Cooperative’s business – retail, farm supply, energy, and agronomy – are not part of this transaction.
Upon closing this transaction, Cargill will integrate complementary capabilities, expand access to innovation platforms, align nutrition capabilities and incorporate a broad trading and risk management competency.