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Chemical Week Magazine :: Business & Finance :: United States/Americas
Marubeni Buys Grain Merchant Gavilon Holdings for $3.6 Billion
11:39 AM MDT | June 1, 2012 | —Lindsey Bewley
Marubeni (Tokyo) has agreed to buy ag commodities merchant Gavilon Holdings (Omaha, NE) 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 fertilizer and energy 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. Orascom Construction Industries...
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