U.S. farm co-op CHS eyes expansion as industry consolidates
CHS has also recently added export facilities in the Black Sea region and trading offices in Canada, South Korea, Singapore and Uruguay.
While the recent acquisitions and investments in existing businesses do not put CHS in the realm of the ABCDs, the company's expanding global footprint allows it to remain competitive, Casale said.
"The more the industry consolidates, the more valuable we become for our owners because we can compete with those guys on a daily basis and do it in a way that's beneficial to our ownership," he added.
Casale said CHS is more an investor in, and buyer of, assets rather than an acquisition target, citing the company's cooperative ownership structure.
CHS is owned by around 350,000 farmers and ranchers either directly or indirectly via about 1,100 smaller co-ops. Owners of CHS stock, traded on Nasdaq, are non-voting shareholders.
(Editing by Miral Fahmy)