OMAHA, NEBRASKA - Gavilon, LLC today announced that it completed the acquisition of the DeBruce Companies, expanding the company's agricultural assets in the U.S. and Mexico. The transaction increases the company's licensed grain storage capacity to more than 300 million bushels, making it the third-largest grain storage network in North America.



Paul DeBruce will continue serving as chief executive officer of the DeBruce Companies, a wholly owned subsidiary of Gavilon, and join Gavilon's board of directors. Larry Kittoe will also continue serving as chief operating officer of the DeBruce Companies. Upon the closing of the transaction, DeBruce and Kittoe were also appointed executive vice presidents of Gavilon.



The addition of the DeBruce Companies' grain, ingredient and fertilizer facilities and distribution network will complement Gavilon's North American footprint and position the company to meet the rapidly growing demand for agricultural resources worldwide. The combined company will leverage best practices across the organization to enhance its ability to compete as one of the leading commodity management firms.



SOURCE: Gavilon, LLC