CHS Acquires Fertilizer Business From Terral RiverService, Inc.
Date Posted: February 7, 2014
St. Paul, MN—CHS Inc. (NASDAQ: CHSCP and CHSCO), the nation's leading farmer-owned cooperative and a global energy, grains and foods company, announced Feb. 7 it has acquired the fertilizer business and related fertilizer assets of Terral RiverService, Lake Providence, La.
Terral RiverService is a river transportation service company specializing in the bulk storage and handling of dry and liquid materials along the Mississippi River system, the Gulf Intracoastal Waterway and inland waterways of Louisiana and southern Arkansas.
CHS will integrate nine Terral RiverService locations, including eight river terminals, into its existing crop nutrients business.
CHS is a leading wholesale distributor of crop nutrients to locally-owned cooperatives and independent farm supply retailers across the U.S.
"This acquisition aligns with CHS growth plans for strategic business and infrastructure expansion into the lower Mississippi River region," said Cheryl Schmura, CHS vice president, crop nutrients.
"CHS will serve agricultural supply dealers throughout the region with a full range of dry and liquid N-P-K and specialty fertilizers, backed by global fertilizer supply and logistics expertise."
Thirty-six employees of Terral RiverService will become CHS employees. Former Terral RiverService fertilizer customers are being personally notified of the ownership change.
"CHS was the right fit as we considered companies that could take this part of our business to the next level," said Tom Gattle, Terral RiverService co-founder, president and CEO.
"We are so proud of how our employees helped us grow the fertilizer business over the past 22 years. We are confident that CHS will further improve operations and services, creating an overall positive impact on our communities."
Terral RiverService will retain ownership of its port and marine operations, aggregates and cottonseed businesses.
For more information, call 651-355-5126.