ST. PAUL, Minn., Sept. 18, 2014 /PRNewswire/ -- CHS Inc.
(NASDAQ: CHSCP, CHSCO, CHSCN, CHSCM), the
United States' leading farmer-owned cooperative and a global
agriculture and energy business, announced today it has acquired a
50 percent share of Broadbent Grain,
an agricultural supply chain management company located at
Queensland and Victoria, Australia.
"Investing in Broadbent Grain
will further expand CHS grain origination capabilities in
Australia by adding grain storage,
handling and logistical expertise, especially as it relates to
delivering wheat via shipping containers to customers across the
Asia-Pacific region," said
Jon Bucknall, CHS Australia, general
manager.
Broadbent Grain is owned by
Stephen and Michael Broadbent.
"Broadbent Grain is a
third-generation business that prides itself on its traditions,
culture, and values. We have found a unique and common alignment
with CHS, a company with similar priorities and vision," said
Stephen Broadbent, owner and
director. "This partnership, which brings global connections to our
business, will allow us to further invest in related supply chain
assets in Australia."
The partnership is effective Oct. 1,
2014. The company name and brand will remain Broadbent Grain.
Broadbent Grain
(www.broadbentgrain.com.au) operates grain facilities at Lakaput in
the Western District of Victoria
and in Toowoomba, Southern
Queensland. Established in the 1950s, Broadbent Grain is widely recognized as market
leaders in providing reliable, dependable, customer-focused
service.
CHS Inc. (www.chsinc.com) is a leading global agribusiness owned
by farmers, ranchers and cooperatives across the United States. Diversified in energy,
grains and foods, CHS is committed to helping its customers,
farmer-owners and other stakeholders grow their businesses through
its domestic and global operations. CHS, a Fortune 100 company,
supplies energy, crop nutrients, grain marketing services, animal
feed, food and food ingredients, along with business solutions
including insurance, financial and risk management services. The
company operates petroleum refineries/pipelines and manufactures,
markets and distributes Cenex® brand refined fuels,
lubricants, propane and renewable energy products.
This document contains forward-looking statements within the
meaning of The Private Securities Litigation Reform Act of 1995
that are based on management's current expectations and
assumptions. These forward-looking statements are subject to
certain risks and uncertainties that could cause actual results to
differ materially from the potential results discussed in the
forward-looking statements. The company undertakes no obligations
to publicly revise any forward-looking statements to reflect future
events or circumstances. For a discussion of additional factors
that may materially affect management's estimates and predictions,
please view the CHS Inc. annual report filed on Form 10-K for the
year ended Aug. 31, 2013, which can
be found on the Securities and Exchange Commission web site
(www.sec.gov) or on the CHS web site www.chsinc.com.
SOURCE CHS Inc.