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The Cargill grain elevator south of Pipestone on state Highway 23 is among eight Cargill facilities in five states that will be sold to CHS. The sale is expected to be completed in early June. Photo by Kyle Kuphal
The Cargill grain elevator south of Pipestone on state Highway 23 is among several that will be sold to CHS.
According to a statement from CHS, the company has signed an intent to purchase agreement for eight grain assets in five states from Cargill. In addition to the facility south of Pipestone, the others included in the sale are in Maynard, Minn.; Morris and Seneca, Ill.; Holdrege, Neb.; Cheyenne Wells and Byers, Colo.; and Parker, S.D. The purchase is tentatively planned to close in early June.
“Purchasing these assets allows us to increase the speed and space of our grain capabilities in this important geographic area,” said Rick Dusek, executive vice president of ag retail, distribution and transportation for CHS. “This benefits local producers through increased market access and helps us continue growing our end-to-end and patronage-eligible supply chain for our owners.”
According to a company spokesperson with CHS, all of the employees at the Pipestone facility and the others were offered employment with CHS.
Bridget Christenson, with Cargill media relations, said Cargill was working closely with CHS to minimize disruption to operations and with customers, and to ensure as smooth a transition as possible, as the sale finalizes.
“Existing customers will still be able to use the facility as they normally would and will be obligated to deliver on their contracts during the transition,” she said.