CGB Fertilizer (CGBF) announced an agreement with River Road Terminal, Inc. to lease and operate its Louisville, Ky., fertilizer facility. Formerly operated by Mosaic, the addition of this terminal to the Consolidated Terminals and Logistics Company's (CTLC) system represents a key step in CTLC’s growth.
CGBF's company spokesperson George Porvaznik said, "The Louisville terminal is a strategic addition to the portfolio of CGBF/CTLC locations. It addresses the company’s need for liquid storage in the Louisville/Jeffersonville market area, adds valuable bulk storage space, allows CGBF to add new products to its offering, and provides a means to better serve our growing customer base."
The Louisville terminal will operate in conjunction with the Jeffersonville terminal as a unified hub. CTLC will operate the facility while CGB Fertilizer will utilize the storage to commercialize various products. Both CTLC and CGB Fertilizer are business units of CGB Enterprises, Inc.
Operations are expected to begin in October.