EGT Purchases Grain Elevator in Sidney, Montana
Oct 31, 2018, St. Louis, MO — EGT, LLC, a joint venture between Bunge North America and ITOCHU, announced that it has purchased a grain elevator in Sidney, Montana from Busch Agricultural Resources, LLC, a division of A-B InBev, N.V.
“Purchasing the Sidney elevator strengthens our origination capability in support of our export terminal in Longview, Washington,” said Adam Johnson, president & CEO, EGT. “The facility is located in a key draw area for wheat, particularly spring wheat, which is experiencing increasing demand.”
The Sidney elevator has access to the Burlington Northern Sante Fe railroad which serves the Longview terminal. It can also handle inbound and outbound trucks. The facility complements EGT’s other elevators in Chester, Kintyre Flats and Tunis, Montana.
“We are excited to be in the Sidney area and have plans to begin expanding the facility’s speed and capabilities immediately,” said Johnson. “We look forward to providing growers efficient service from day one.”
The facility was built in 2003 and has 1.4 million bushels of storage. Subject to normal hiring procedures, EGT intends to keep the employees.
Financial terms of the acquisition were not disclosed.
ABOUT EGT, LLC
EGT, LLC is a joint venture between Bunge, a world leader in sourcing, processing and supplying oilseed and grain products and ingredients, and Pan Ocean America, part of Harim, an integrated Korean company that imports, produces, processes and distributes protein.