USA — Scoular has signed an agreement to acquire four grain handling facilities from ADM in northwestern Kansas with a combined grain storage capacity of approximately 7.2 million bushels, enabling the company to more than double its handling and storage capacity for area farmers.
The parties expect to close the transaction in September and the four facilities located in Goodland, Brewster, Monument and Oakley, are expected to be operational for fall harvest, handling corn, wheat and sorghum.
ADM and Scoular stated all employees at the four grain elevators will be offered positions at Scoular. “The companies are working together to ensure a seamless transition for customers and farmers in the area,” ADM stated.
Scoular has been building its presence in northwestern Kansas since 2007 after acquiring its first facility in Goodland. It later purchased facilities in nearby Cheyenne County and Winona before acquiring an additional facility five miles west of Goodland last year.
We are excited to expand our presence in northwestern Kansas, create value for farmers and invest in our value-chain network providing highest quality and dependable supply to our customers
In August the grain, feed, and food ingredient supplier announced substantial upgrades to its grain handling facilities in Coolidge and Pratt that will increase unloading speeds and expand storage capacity in time for this year’s harvest.
With the latest acquisition, Scoular will own 11 facilities in northwest Kansas. Eight are Scoular-operated facilities and three are Scoular-leased.
“We are excited to expand our presence in northwestern Kansas, create value for farmers and invest in our value-chain network providing highest quality and dependable supply to our customers,” said Derek Spears, Scoular regional manager.
According to Sosland Publishing’s 2022 Grain & Milling Annual, Scoular owns 81 grain storage facilities with more than 131 million bus of storage capacity.
The addition of the four grain elevators from ADM will increase those totals to 85 storage facilities and overall storage capacity of more than 138 million bus.
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