CHS picks up Terral RiverService's fertilizer business in Lake Providence
Minnesota-based agricultural and energy company CHS Inc has bought fertilizer business and assets in Lake Providence from Terral RiverService. The value of the transaction was not disclosed, according to The Advocate.
Under the terms of the acquisition deal, CHS will integrate all nine locations of Terral RiverService into its crop nutrients business. This would include eight river terminals. Terral, on the other hand, will still own its port and marine operations, including its cottonseed businesses. Thirty-six of the latter's employees will also move to CHS, the report detailed.
CHS vice president of crop nutrients Cheryl Schmura said of the deal: "This acquisition aligns with CHS growth plans for strategic business and infrastructure expansion into the lower Mississippi River region," said Cheryl Schmura, CHS vice president, crop nutrients. "CHS will serve agricultural supply dealers throughout the region with a full range of dry and liquid N-P-K and specialty fertilizers, backed by global fertilizer supply and logistics expertise."
Terral is a company that provides river transportation services in companies involved in dry and liquid materials bulk storage and handling. Its area covers the Mississippi River System, Louisiana, southern Arkansas, and the Gulf Intracoastal Waterway, The Advocate reported.