27. January 2022 Meghan Sapp

Viterra buys Gavilon Agriculture Investment for $1.125B

In the Netherlands, Viterra Limited has entered into a stock purchase agreement with Marubeni America Corporation, a wholly-owned subsidiary of Marubeni Corporation, to acquire the grain and ingredients business of Gavilon Agriculture Investment, Inc. (Gavilon) through a wholly owned subsidiary of its own.

The agreed purchase price for the acquisition of Gavilon is $1.125 billion, plus working capital and is subject to certain customary purchase price adjustments.

Gavilon is based in Omaha, Nebraska, USA and originates, stores and distributes grains, oilseeds, as well as feed and food ingredients, to food manufacturers, livestock producers, poultry processors, soybean processors and ethanol producers worldwide.

Gavilon’s leading asset network is located in key growing areas across the United States, with access to major railroads, rivers and ports. It also has international operations in Mexico, South America, Europe and Asia, along with an indirect minority ownership interest in two port terminals located in Kalama, Washington and Portland, Oregon.