CHS acquires Kentucky river terminal
CHS Inc., an energy, grains and foods company and the nation's leading farmer-owned cooperative, announced that it has acquired a crop nutrients river and rail terminal on the Ohio River at Melbourne, Ky.
“This facility will allow us to expand our services to customers in the eastern region through direct access to the river system,” said Cheryl Schmura, CHS vice president of Crop Nutrients. “It will also provide additional storage and rail capabilities that will help us expand our customer base in the region.”
The 60-acre facility, formerly owned by The Mosaic Company, the world's leading producer of concentrated phosphate and potash crop nutrients, is located at mile 457 on the Ohio River near Cincinnati, Ohio. It includes 27,000 tons of on-site fertilizer storage, barge unloading, and rail and truck loading facilities and equipment. Schmura said CHS will invest in modernizing and upgrading the facility over the next several months. Details of the transaction were not disclosed.