Growmark buys Bunge’s interest in B-G Fertilizer

decrease font size  Resize text   increase font size       Printer-friendly version of this article Printer-friendly version of this article

Growmark Inc., Bloomington, Ill., has agreed to purchase Bunge North America’s interest in B-G Fertilizer LLC.

B-G Fertilizer owns and operates the former CF Industries terminal located in Cincinnati, Ohio, to serve the needs of retail customers that provide fertilizer to farmers. Terms of the transaction were not disclosed.

“We have had a great working relationship with Bunge during the past two years,” said Jim Spradlin, Growmark vice president, agronomy. “The Cincinnati terminal has brought value to the dealers in the areas it serves and we look forward to continuing to provide the outstanding customer experience for which the team at Cincinnati is known.”

Growmark and Bunge also announced that Growmark will lease Bunge fertilizer assets located in Council Bluffs, Iowa and Fulton, Illinois. These facilities will be incorporated into the current Growmark portfolio to expand the cooperative’s scope and reach.

“We are pleased to announce the additions of Council Bluffs and Fulton to our existing terminal portfolio,” said Rod Wells, Growmark plant food division manager. “There are exciting opportunities at each facility to capitalize on truck transportation to their associated grain terminals in the form of back hauls. This should provide efficient sourcing opportunities for area retailers. The Council Bluffs facility, in particular, is new construction and state of the art. We look forward to serving the dealer network from these two locations.”

“Bunge realized benefits from our North American fertilizer business including our investment in B-G Fertilizer, but have decided to focus our investments in our other lines of business,” said Bailey Ragan, vice president, grain, biofuels and fertilizer for Bunge North America. “We look forward to continuing our strong relationship with Growmark through the lease of our terminals in Council Bluffs and Fulton.”

Overall, the acquisition and lease agreements represent approximately 130,000 tons of dry and liquid plant food storage.

Buyers Guide

Doyle Equipment Manufacturing Co.
Doyle Equipment Manufacturing prides themselves as being “The King of the Rotary’s” with their Direct Drive Rotary Blend Systems. With numerous setup possibilities and sizes, ranging from a  more...
A.J. Sackett Sons & Company
Sackett Blend Towers feature the H.I.M, High Intensity Mixer, the next generation of blending and coating technology which supports Precision Fertilizer Blending®. Its unique design allows  more...
R&R Manufacturing Inc.
The R&R Minuteman Blend System is the original proven performer. Fast, precise blending with a compact foot print. Significantly lower horsepower requirement. Low inload height with large  more...
Junge Control Inc.
Junge Control Inc. creates state-of-the-art product blending and measuring solutions that allow you to totally maximize operating efficiency with amazing accuracy and repeatability, superior  more...
Yargus Manufacturing
The flagship blending system for the Layco product line is the fully automated Layco DW System™. The advanced technology of the Layco DW (Declining Weight) system results in a blending  more...
Yargus Manufacturing
The LAYCOTE™ Automated Coating System provides a new level of coating accuracy for a stand-alone coating system or for coating (impregnating) in an automated blending system. The unique  more...
John Deere
The DN345 Drawn Dry Spreader can carry more than 12 tons of fertilizer and 17.5 tons of lime. Designed to operate at field speeds up to 20 MPH with full loads and the G4 spreader uniformly  more...
Force Unlimited
The Pro-Force is a multi-purpose spreader with a wider apron and steeper sides. Our Pro-Force has the most aggressive 30” spinner on the market, and is capable of spreading higher rates of  more...
BBI Spreaders
MagnaSpread 2 & MagnaSpread 3 — With BBI’s patented multi-bin technology, these spreaders operate multiple hoppers guided by independent, variable-rate technology. These models are built on  more...

Comments (0) Leave a comment 

e-Mail (required)


characters left

Blend and Bulk Tower Systems

Waconia Towers provide speed, efficiency and reliability that only gravity-fed systems can offer. Towers are available with up to 300 ... Read More

View all Products in this segment

View All Buyers Guides

Feedback Form
Feedback Form