Cargill to Acquire Soybean Processor

Global agri giant Cargill is to add Owensboro Grain Company (OGC) to its North American agricultural supply chain business, as part of its efforts to modernize and increase capacity across its North American oilseed network.  OGC is a fifth-generation family-owned soybean processing facility and refinery located in Owensboro, Kentucky.  Presently it operates a fully integrated soy processing facility and crushes more than 100,000 bushels of soybeans daily.

Cargill said the acquisition would help it support the increasing demand for oilseeds, driven by food, feed and renewable fuel markets.

The terms of the deal were not disclosed, but it has received backing from the boards of directors of both Cargill and OGC.  The acquisition is subject to regulatory approvals and other customary closing conditions.  It is expected to close in early 2023.