Kokomo Grain puts Tennessee facilities for sale, focus on Corn Belt

US – Kokomo Grains has offered three of its Tennessee manufacturing facilities located in Manchester, Decherd and Tullahoma for auction in a bid to focus its operations on the Eastern Corn Belt.

The transaction involved three grain elevators with a capacity of 920,000 bushels.

The company was also offering non-contingent offers on any combination of the facilities that could be submitted in March.

In a statement, Chief Financial Officer, John Sigler said that they were offering good facilities with established markets, presenting the right opportunity for the right buyer.

The sale of the facility located in Manchester involved 362,000-bushel storage capacity, four grain legs, office, shop building, storage building, a truck scale and a covered unloading pit.

That of Decherd location include 278,000-bushel storage capacity, three grain legs, and a 10 x 70 truck scale while that of Tullahoma location had 280,000-bushel storage capacity and 8,000 Bu/Hr. unloading capacity.

Kokomo Grain Inc. will continue its operations that involve selling whole grains to processors primarily in food, soft drinks, and animal feed in the remaining facilities at Kokomo, Amboy, Edinburgh, Greentown, Romney, Burlington and Winamac in Indiana.

The company which was incorporated in 1950, based in Kokomo, Indiana offers corn, soybeans and wheat.

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