Cargill closes deal with Southern States Cooperative
Sept. 25, 2017
by MEAT+POULTRY Staff
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The agreement increases its reach into the Southeast region of the US.
MINNEAPOLIS – Cargill finalized an agreement to acquire the animal feed business of Southern States Cooperative Inc. on Sept. 22. The deal was first announced in early August.
Cargill acquired the assets of Southern States Cooperative’s animal feed business, including seven feed mills and many products, brands and customer and supplier relationships. The agreement also includes a long-term agreement for Cargill to supply its retail stores with the Southern States branded feed.
The other segments of Southern States Cooperative’s business — retail, farm supply, energy, and agronomy — are not part of the transaction.
“The combination of CFN (Cargill Feed and Nutrition) US and Southern States Cooperative’s animal feed business will help us grow with customers, and best meet their ever-changing needs,” said Mark Lueking, US managing director, Cargill Feed and Nutrition. “We are excited about this growth opportunity to further demonstrate our commitment to the US animal feed industry.”
The acquisition is expected to enhance Cargill’s distribution and go-to-market abilities in the Southeast, Mid-Atlantic and Northeast regions of the US.
“We believe that our combined business will provide unique benefits to our members and customers,” said Jeff Stroburg, president and CEO of Southern States Cooperative. “We’ve brought together two best-in-class feed companies to develop solutions to meet their needs. We look forward to growing the Southern States feed business with Cargill as our partner.”
Southern States Cooperative has been an agricultural supply and retailer since 1923.