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People & Business :: Emerging Companies
Marubeni to Buy Grain Merchant Gavilon Holdings for $3.6 Billion
10:44 AM MDT | May 29, 2012 | Lindsey Bewley
Marubeni (Tokyo) says it will buy U.S. grain merchant Gavilon Holdings (Omaha) for $3.6 billion. Gavilon is the third-biggest U.S. grain merchant in terms of the size of its marketing network, behind Archer Daniels Midland and Cargill. The company also has energy and fertilizer trading assets. “Marubeni and Gavilon share a similar focus on customers, employees, growth and risk management, and we anticipate minimal changes to our organization and operations,” says Greg Heckman, president and CEO of Gavilon. In the grains business...
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