Consolidated Grain and Barge acquires four elevators from the Scoular Company

08 May 20182 min reading
Consolidated Grain and Barge Co., an American company in the grain and transportation industries since 1970, acquired four facilities from the The Scoular Company. Consolidated_GrainConsolidated Grain and Barge Co. ("CGB"), a leader in the grain and transportation industries since 1970, announced the acquisition of four facilities located in the heart of the Mississippi Delta from The Scoular Company of Omaha, NE. These facilities are a natural extension of CGB's existing grain origination network further in the deep south. The acquisition includes three river terminals with six million bushels of grain storage capacity. "CGB is excited to further expand its grain origination network in the Mississippi Delta, and we look forward to operating these assets in conjunction with our other regional facilities," said Greg Beck, Senior Vice President, Grain Division. Scoular's CEO Paul Maass said, "We are pleased that CGB will be continuing the high level of service that our customers have come to expect," and further noted that the two companies would be working closely to ensure a smooth transition. The terminals acquired by CGB are located in Helena, AR; Old Town, AR; and Friars Point, MS. Terms of the transaction were not announced. CGB Enterprises, Inc., headquartered in Mandeville, LA, is the holding company for the diversified businesses that comprise the CGB family, with over 2,500 employees and operations in 40 states. In addition to the 97 grain facilities CGB operates, the company has dedicated operations in logistics and transportation (CTLC), fertilizer, crop insurance (Diversified Services), agri-finance, soybean processing, producer risk management, and other related businesses.
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